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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Aramco Agrees to Acquire Valvoline’s Global Products Business

Valvoline Aramco Saudi Aramco
General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)

Saudi Aramco announced on Monday the signing of an equity purchase agreement to acquire Valvoline Inc. global products business (“Valvoline Global Products” or “VGP”) for US$2.65 billion.

The transaction is subject to certain customary adjustments set forth in the equity purchase agreement.

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