Exxon Mobil (XOM) is in talks to sell its 60% stake in Hong Kong's Castle Peak Power to CLP...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM) is in talks to sell its 60% stake in Hong Kong's Castle Peak Power to CLP Holdings (CLPHY.PK) - which already owns the other 40% - and China Southern Power Grid. RBS analyst Jenny Cosgrove estimates that the U.S. oil giant could receive up to HK$22B ($2.83B) for the stake.