IPIC says won't follow S.Korea refiner stake sale ruling


SEOUL, Nov 26 (Reuters) - Abu Dhabi-based International Petroleum Investment Co (IPIC) said on Thursday it would not follow a recent arbitration ruling to sell its controlling stake in a South Korean refiner until local courts enforced it. IPIC has been in a dispute with companies related to the former Hyundai Group, led by Hyundai Heavy Industries , which are seeking to buy back IPIC's 70 percent stake in Hyundai Oilbank. Last week, the Singapore International Chamber of Commerce (ICC) ...

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