Infineum Explores 8 Billion Sale
Infineum is exploring an eight billion dollar sale as its owners Shell and ExxonMobil look to refocus. Bank of America has been tapped to advise on the early stage process.
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Shell and Exxon Mobil Corp are exploring an $8B sale of their joint venture Infineum, according to a Financial Times report on Thursday afternoon. The proposed divestment allows the energy major to refocus capital on core oil and gas operations. Private equity suitors are expected to show interest in the United Kingdom-based chemicals group, people familiar with the matter said.
