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                    [ArticleID] => 391442
                    [Title] => Petroleum Corp acquires bioethanol producer
                    [Summary] => 



Publicly-listed Basic Petroleum Corp. is entering the lucrative bio-fuels business via the purchase of bioethanol producer Zambo Norte Bioenergy Corp. (ZNBC) for P120 million in cash and in shares of stock.


Sources privy to the transaction said ZNBC, owned by a leading local sugar conglomerate and a group of petroleum, shipping and investment banking veterans, will own about 12 percent of Basic upon completion of the deal.


                    [DatePublished] => 2007-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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ZNBC

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                    [ArticleID] => 391442
                    [Title] => Petroleum Corp acquires bioethanol producer
                    [Summary] => 



Publicly-listed Basic Petroleum Corp. is entering the lucrative bio-fuels business via the purchase of bioethanol producer Zambo Norte Bioenergy Corp. (ZNBC) for P120 million in cash and in shares of stock.


Sources privy to the transaction said ZNBC, owned by a leading local sugar conglomerate and a group of petroleum, shipping and investment banking veterans, will own about 12 percent of Basic upon completion of the deal.


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                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Petroleum Corp acquires bioethanol producer

By Zinnia B. Dela Peña | March 26, 2007 - 12:00am

Publicly-listed Basic Petroleum Corp. is entering the lucrative bio-fuels business via the purchase of bioethanol producer Zambo Norte Bioenergy Corp. (ZNBC) for P120 million in cash and in shares of stock. Sources...

Business