Vietnam National Petroleum Group (HOSE:PLX) (Petrolimex) is planning to acquire a stake in Binh Son Refinery and Petrochemical Co., Ltd (BSR). Petrolimex plans to buy the entire stake BSR. The asset will put on sale at its initial public offering (IPO). However, the specific stakes to be sold at the IPO have yet to be disclosed. According to the deal, Petrolimex will buy BSR's shares after it conducts the equalization and completes its IPO. Petrolimex Chairman, Bui Ngoc Bao stated that Petrolimex plans to put up 20% of its stakes for sale to mobilise capital for the BSR acquisition. Tran Ngoc Nguyen, General Director of BSR, said that the IPO is expected to take place in the fourth quarter of 2017.