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 Qatar investors to acquire stake at Chinese petrochemical firm for $5 billion

qidgroup.jpgTwo Qatari investment firms are acquiring stake at a Chinese petrochemical firm, Shandong Dongming Petrochemical Group, for $5 billion.

Qatar's Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises are the two Qatari investment firms acquiring the stake. The money will finance building 1,000 petrol stations across six provinces in China and a liquefied natural gas LNG terminal in Qinzhou.

Qatra for Investment and Development QID is listed in the Middle East Investors Directory with the code AP113

More details follows from Reuters

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