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Phillips 66 to sell 49% stake in Swiss venture
Phillips 66 Sells Remaining Interesting in Coop Mineraloel Joint Venture
Phillips 66 CEO Mark Lashier said the sale is part of the company’s commitment to divest over $3 billion of assets. Coop Mineraloel operates 324 retail sites and petrol stations across Switzerland.
Phillips 66 to Sell Swiss Fuel Retailer for $1.2 Billion
This transaction marks significant progress in delivering on our commitment of over $3 billion in divestitures'.
Phillips 66 Aims at $3 Billion Divestitures Target With Swiss Venture Stake Sale
"This transaction marks significant progress in delivering on our commitment of over $3 billion in divestitures," Phillips 66 CEO Mark Lashier said in a statement. The company said it would receive $1.17 billion as sales price and $70 million as assumed dividend for current year to be paid at or prior to closing.
Phillips 66 To Sell Its 49% Stake In Coop Mineraloel To Swiss Joint Venture Partner For $1.24 Bln
Phillips 66 (PSX) said that its subsidiary, Phillips 66 Limited, has agreed to sell its 49 percent non-operated equity interest in
Phillips 66 Sells Remaining Interest in Coop Mineraloel Joint Venture
Phillips 66 CEO Mark Lashier said the sale is part of the company’s commitment to divest over $3 billion of assets. Coop Mineraloel operates 324 retail sites and petrol stations across Switzerland.
Phillips 66 to Offload 49% Stake in Coop Mineraloel to Swiss JV
Phillips 66 PSX has announced the sale of 49% of its non-operated equity interest in
Coop
Mineraloel
AG as part of its commitment to deliver $3 billion in asset divestitures in 2024. The company ...
Phillips 66 sells Swiss joint venture stake for $1.24 billion
This transaction marks significant progress in delivering on our commitment of over $3 billion in divestitures,” Phillips 66 CEO Mark Lashier said. “As we manage our portfo
Phillips 66 Strikes $1.24 Billion Deal to Sell 49% Stake in Swiss Joint Venture
Phillips 66 (PSX) late Monday said it agreed to sell its 49% stake in Coop Mineraloel to its Swiss joint venture partner for roughly $1.24 billion, as part of the petroleum refiner's ongoing divestiture efforts.
Phillips 66 announces agreement to sell interest in Switzerland-based joint venture
Phillips 66 (NYSE:PSX) announced today that its subsidiary, Phillips 66 Limited, has entered into a definitive agreement to sell its 49 percent non-operated equity interest in Coop Mineraloel AG (“CMA”) to its Swiss joint venture partner.
4d
Phillips 66 to sell 49% stake in Coop Mineraloel in $1.24B deal
Phillips 66 agrees to sell its equity interest in Swiss joint venture for $1.24B in cash, supporting strategic priorities and ...
2d
Phillips 66 Ordered To Pay $604.9M To Propel Fuels In Trade Secret Theft Case
A California jury found Phillips 66 guilty of stealing trade secrets from Propel Fuels and awarded $604.9 million in damages.
4d
Why Oil & Gas Company Phillips 66 Shares Are Falling On Tuesday?
Phillips 66 (PSX) sells 49% stake in Swiss joint venture for $1.24 billion, to support strategic priorities and shareholder ...
esmmagazine.com
3d
Switzerland's Coop To Take Full Control Of Coop Pronto
Swiss retailer Coop has announced it plans to acquire the remaining 49% stake in Coop Mineraloel AG, the convenience operator.
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