We believe in Reliably providing our customers with good Performance products at a price level considered as 'Value for Money'.
With today's technology developing rapidly requiring more advanced engineering performing lubricants, we are committed to meet industry demands with a range of products that is technology led.
Giving our customers 'Value for Money' continues to be our company's core value. This enables our customers to be more competitive using the full set of benefits from our competitively priced products. In addition to producing our range of United Oil's brand of lubricants, we also provide contract blending services for private labels and supply high quality base oils and additives to our associates.
Repsol acquires 40% stake in Singapore’s United Global unit
United Global Limited announced that Spain’s Repsol Downstream Internacional S.A. will acquire a 40% stake (14,959,600 shares) in its subsidiary, United Oil Company (UOC), for USD36.5 million, with a potential deferred payment of USD10 million based on 2023 milestones. The deal, based on mutual strategic value and growth potential, is expected to close by the end of 2019, pending approvals.
Following completion, UOC will manufacture and supply Repsol-branded lubricants in Singapore, Indonesia, Malaysia, and Vietnam. United Global sees this partnership as a key growth opportunity, while Repsol aims to expand its footprint in the Asia-Pacific region. The sale proceeds will support United Global’s future expansions and diversification efforts.
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