ExxonMobil to divest petrol service stations in France

30 March 2012 18:50  [Source: ICIS news]

LONDON (ICIS)--ExxonMobil has agreed to sell 46 of its petrol service stations in France for an undisclosed sum as it seeks better returns in its downstream business, the French subsidiary of the US-based energy, refining and petrochemicals major said on Friday.

ExxonMobil said that under the deal, Israel’s Delek Group will buy the 46 Esso stations in France’s Ouest Atlantique region.

Delek would continue to operate the stations under the Esso brand and the stations would continue to be supplied by ExxonMobil, which has two refineries in France – at Port-Jerome-Gravenchon in Haute-Normandie, and at Fos-sur-Mer in Provence-Alpes-Cote-d’Azur.

ExxonMobil will seek to strike similar deals with other firms for its network of about 700 service stations in France, it added.

The plan would not impact ExxonMobil’s refining, petrochemicals and other activities in France, it said.

By: Stefan Baumgarten
+1 713 525 2653

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