Canadian retailer Alimentation Couche-Tard Inc and China's Tencent Holdings Ltd are among suitors short-listed to purchase a $16 billion minority stake in China's Sinopec Sales, the world's largest fuel retail network, people familiar with the matter told Reuters. China Life Insurance Co Ltd, the nation's biggest insurer, Hong Kong-listed ENN Energy Holdings Ltd privately-owned Fosun Group, Hopu Investment Management and Affinity Equity Partners have also progressed to the next round, the people added.Final offers are due by end-August, though it was not clear how many shortlisted bidders are likely to make offers.Formally known as China Petroleum & Chemical Corp , state-run Sinopec plans to sell up to 30 percent of the business by end-2014 as Beijing restructures state-owned assets.(Additional reporting by Charlie Zhu, Matthew Miller, Euan Rocha, Allison Lampert and Heng Xie; Reporting by Denny Thomas and Stephen Aldred; Editing by Kenneth Maxwell)
China Life Insurance Company Limited is a China-based life insurance company. Shares of LFC traded higher by 2.52% or $1.12/share to $45.50. In the past year, the shares have traded as low as $36.31 and as high as $49.65. On average, 135003 shares of LFC exchange hands on a given day and today's volume is recorded at 250264.
China Petroleum & Chemical Corporation is an energy and chemical company. Shares of SNP traded higher by 0.2% or $0.2/share to $98.88. In the past year, the shares have traded as low as $71.63 and as high as $100.17. On average, 125197 shares of SNP exchange hands on a given day and today's volume is recorded at 166045.
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