Shell and Exxon to keep Infineum unit

Thu Jul 31, 2008 8:42pm BST
 
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LONDON (Reuters) - Royal Dutch Shell and Exxon Mobil have decided against selling their Infineum petroleum additives business after a strategic review and sounding out potential buyers, Shell Chief Financial Officer Peter Voser told analysts on a conference call on Thursday.

When asked if one partner might buy the other out, Shell CEO Jeroen van der Veer said he expected both companies to continue running the company together. (reporting by Tom Bergin)

 
A dealer works on the trading floor shortly after the U.S. markets opened, at CMC Markets in London October 3, 2008. REUTERS/Toby Melville
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