From Rueters – Esso Malaysia unaware of parent’s plan to sell stake


dateline 2011-04-04:

Esso Malaysia said on Monday it was not aware of any plan by its parent Exxonmobil International Holdings Inc’s to sell its 65 percent stake in the company to plantation and shipping firm Boustead Holdings Bhd and the country’s armed forces pension fund.

The Edge business weekly had reported over the weekend that Exxonmobil was looking to exit its Malaysian retail operations as margins were relatively low and it preferred to focus on exploration and production of oil.

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