CLP Holdings

Exxon to exit from its utility and power unit in Hong Kong for USD3.4 billion

According to a Reuters report, the sale of Exxon Mobil Corp's controlling interests in utility and power firms Castle Peak Co Ltd and Hong Kong Pumped Storage Development Co would help the global oil firm return money to investors and focus more on its core businesses.

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CLP Holdings say it will buy stakes in two Exxon Mobil units for USD 1.8 billion

CLP Holdings said it will be purchasing stakes in Castle Peak Power Co and Hong Kong Pumped Storage Development Co for a price tag of USD 1.8 billion.

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