Business Digest, October 16, 2012

Sinopec unit to acquire half of Vesta Terminals

Sinopec Kantons, a unit of China Petroleum and Chemical (Sinopec), will acquire a 50 per cent equity interest in Vesta Terminals for €128.6 million (HK$1.3 billion), the company said in a filing with the Hong Kong stock exchange. Vesta Terminals operates bulk liquid storage terminals for petroleum products and biofuels, with 1.6 million cubic metres of storage capacity in Europe. Sophie Yu

Cofco subsidiary to raise HK$910m

via Business feed http://www.scmp.com/business/china-business/article/1062054/business-digest-october-16-2012