Imperial Oil to pay C$1.55 bln for 50 pct stake in Celtic
Nov 28 (Reuters) - Imperial Oil Ltd, Canada's second-largest integrated oil company, said it will invest C$1.55 billion for a 50 percent stake in Celtic Exploration Ltd after Celtic is taken over by parent Exxon Mobil Corp .
Exxon Mobil, which owns 69.6 percent of Imperial, said in October that it would buy Celtic through its Canadian subsidiary ExxonMobil Canada for C$2.6 billion.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.