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


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.
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Comments (1)
  • FleetUSA3226
    , contributor
    Comments (874) | Send Message
     
    non-core activity and Exxon needs the cash (LOL)
    16 Mar 2012, 08:24 AM Reply Like
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