Exxon sells Japanese arm for $3.9bn

Exxon Mobil Corporation will sell its Japanese refining business to partner TonenGeneral Sekiyu K.K. in a deal worth $3.9 billion (£2.48bn). The company said the deal, announced over the weekend, would result in a business “better positioned to meet Japan’s energy needs.” Under the terms of the agreement, TonenGeneral Sekiyu will purchase ExxonMobil’s shares in […]