AAP General News (Australia)
12-07-1999
ExxonMobil Reaches Agreement With Veba Oel
ExxonMobil Reaches Agreement With Veba Oel
on Sale of Interest in Aral
IRVING, Texas, Dec. 6 /PRNewswire-AsiaNet/ -- Exxon Mobil
Corporation (NYSE: XOM) announced today that its affiliate Mobil Oil
AG has reached agreement to sell its 28 percent interest in Aral AG
to Veba Oel AG. Aral is Germany's leading service station company.
This sale satisfies conditions required by the European Commission
for approving the ExxonMobil merger. The agreement must be approved
by the German Federal Cartel Office, which ExxonMobil anticipates
will happen before the end of the year. Financial terms of the sale
were not disclosed.
SOURCE Exxon Mobil Corporation
CONTACT: Dave Dickson of Exxon Mobil Corporation,
703-846-2378
Web site: http://www.exxon.mobil.com
KEYWORD: BUSINESS AND FINANCE ANTU1856
1999 AAP Information Services Pty Limited (AAP) or its Licensors.
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