Exxon Mobil Corp. (XOM) is considering a sale of its German Esso gas station chain, Bloomberg News reported Thursday on its website, citing unnamed people familiar with the process.
Two of the people said the unit, which includes more than 1,100 gas stations, could fetch more than EUR1 billion ($1.3 billion), the report said.
Exxon is in preliminary talks with various parties, some of whom might be from Russia or eastern Europe, the report cited the people as saying.
The report said an Exxon Mobil Central Europe spokeswoman, Gabriele Radke, declined to comment on any possible process.
Full story: http://www.bloomberg.com/news/2012-07-04/exxon-mobil-said-to-explore-sale-of-german-esso-gas-stations.html