China Petroleum & Chemical Corp. (600028.SH) is working with Goldman Sachs Group Inc. (GS) on the sale of a portion of its retail assets, Bloomberg reported Thursday, citing people with knowledge of the matter.

The sale of a 30% stake in the retail unit could raise as much as $30 billion for Beijing-based Sinopec, two of the people said. China International Capital Corp. is also advising on the asset restructuring, they said.

Full story at http://www.bloomberg.com/news/2014-04-03/sinopec-said-to-pick-goldman-sachs-for-30-billion-retail-sale.html

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