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ExxonMobil Exits Three Malaysian Units

Affiliates of ExxonMobil are selling its holding in three businesses operating in the Malaysian downstream petroleum sector.

Affiliates of ExxonMobil are selling its holding in three businesses operating in the Malaysian downstream petroleum sector. Philippines-based food and drinks company San Miguel is buying the assets.

The international oil and gas company will sell its 65% stake in Esso Malaysia, as well as its wholly owned ExxonMobil Malaysia and ExxonMobil Borneo. The transaction is expected to be completed in the first half of 2012.

Click here for the release from Business Wire.

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