S.Korea refiner Hyundai Oilbank seeks listing in 2022

Hyundai Oilbank, the refinery unit of Hyundai Heavy Industries Holdings decided to pursue a listing in the South Korean market during 2022, Hyundai Heavy said in a regulatory filing.

Hyundai Oilbank had previously pursued a listing in 2018 but had delayed the plan until this year due to regulatory scrutiny of its balance sheet.

Hyundai Heavy Industries Holdings held 74.1% of the refiner as of end-March, while Saudi Aramco owns 17% of the refiner through an overseas unit, according to a Hyundai Oilbank filing.

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