Exxon promotion Japanese subsidiary hip $3.9B deal
Says it is promotion its Japanese subsidiary to partner company TonenGeneral Sekiyu K.K. featuring in a deal valued by $3.9 billion.TonenGeneral Sekiyu long for approve of 99 percent of the shares of Exxon Mobil Yugen Kaisha, which refines and sells fuel and lubricants, the Japanese refiner says. Exxons stake stylish TonenGeneral long for decline to 22 percent from 50 percent.