19 November 2013 14:25 [Source: ICIS news]
HOUSTON (ICIS)--US energy and petrochemicals major ExxonMobil has agreed to sell its 60% stake in Hong Kong’s power utility Castle Peak in a deal worth Hong Kong dollar (HK$) 24bn ($3.1bn), one of the buyers said on Tuesday.
Hong Kong’s power firm CLP Holding said that it would acquire half of ExxonMobil’s stake in ?xml:namespace>
Following completion, CLP will hold 70% of
In a separate deal, CLP also agreed to acquire ExxonMobil’s 51% stake in Hong Kong Pumped Storage Development for HK$2bn to gain full ownership of that company, it added.
($1 = HK$7.75)
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