TonenGeneral Sekiyu KK

  • Tonen buys 99 percent of refinery stake from ExxonMobil

    Tonen buys 99 percent of refinery stake from ExxonMobil

    Sunday, 29th January 2012
    Japan's second largest refiner TonenGeneral Sekiyu KK (5012.T) said on Sunday it will buy 99 percent of the shares in ExxonMobil's (XOM.N) Japanese unit, ExxonMobil Yugen Kaisha, for 302 billion yen ($3.94 billion) to improve efficiency.