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- Sunday, January 29, 3:43 AM Exxon Mobil (XOM) agrees to sell a 99% stake in Japanese unit Yugen Kaisha to TonenGeneral Sekiyu (TGRLF.PK) for ¥302B ($3.94B). Under the deal, Exxon will lose its controlling stake in TonenGeneral but will retain a 22% voting share. Falling oil demand and lower margins are major reasons for Exxon's divestment. (PR .pdf)
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