ExxonMobil to Cut Stake in Japan Operations

摘要

ExxonMobil says it will cut its stake in its Japanese affiliate TonenGeneral Sekiyu (Tokyo) from 50.5% to 22% as part of a restructuring of its downstream operations in Japan. TonenGeneral Sekiyu will acquire a 99% stake in ExxonMobil's Japan operations for ￥302 billion ($3.9 billion). ExxonMobil says its expects to retain a 22% stake in TonenGeneral Sekiyu when the deal is completed.