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Bridgestone Corp, the Japanese tire and rubber manufacturer, plans to build more partnerships with domestic automakers and supply customized tires for China's fast-growing electric vehicle market during the country's 14th Five-Year Plan period (2021-25), said a senior executive. ....
Saudi Aramco in Talks to Sell 1 Percent Shares, Beijing-Controlled Fund A Likely Buyer Saudi Arabia plans to sell a 1 percent stake in Aramco, the world’s largest oil company. Based on the company’s market value, the potential sale could be worth $19 billion. It is believed that the Chinese Communist Party’s sovereign wealth fund China Investment Co., Ltd. (CIC) is most likely to reach a deal with Aramco. Crown Prince Mohammed bin Salman revealed some details in televised remarks on April 27. “There are talks now for the acquisition of a 1 percent stake by a leading global energy company in an important deal that would boost Aramco’s sales in … a major country,” he said, “There are talks with other companies for different stakes, and part of Aramco’s shares could be transferred to the (Saudi) Public Investment Fund (PIF) and a part listed … on the Saudi bourse.” ....