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Re: Johnny Stockpicker post# 1882

Friday, 03/17/2017 12:15:11 PM

Friday, March 17, 2017 12:15:11 PM

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Reuters: Exxon seeks sale of half of Italy gas stations
Exxon Mobil (XOM -0.2%) is seeking to sell half of its 2,500 gasoline stations in Italy for up to €500M ($537M), Reuters reports.
XOM, through its Esso local subsidiary, is the latest oil company trying to cut its exposure to Italy's oversupplied gasoline retail sector; Italy has ~21K service stations across the country, nearly 2x the number in France and almost 3x that of Britain.
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