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Exxon Mobil Said To Explore Sale Of German Esso Gas Stations

$XOM is considering selling over 1100 gas stations in Germany. The Sale may fetch over 1.3 billion Euros. Given Germany is the strongest European economy it is a wonder why the sale would take place. However this follows suit with other divestitures in markets where gasoline consumption is on the decline.

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One comment

  1. Yogi and Boo Boo
    Yogi and Boo Boo

    What’s puzzling? Sell when you can, not when you have to.

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