Chevron exits Caltex Australia stake

• In Asia's biggest block deal this year, Chevron (NYSE:CVX) has sold its entire stake in Caltex Australia (OTCPK:CTXAY), the country's biggest refiner, for A$4.7B ($3.7B).
• Offshore institutional investor demand for the 50% holding was strong, with bidding driving the final price to A$35 a share.
• Previously: Chevron looks to sell Caltex Australia stake (Mar. 27 2015)