China’s State Grid to buy 49% stake in Oman Electricity Transmission

China’s State Grid to buy 49% stake in Oman Electricity Transmission

Shanghai, China. Photo by Merlin Kraus on Unsplash

State Grid Corp. of China has agreed to acquire a 49% stake in Oman’s state-owned power transmission company in the first major privatization by the Middle East’s largest non-OPEC oil producer.

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