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finchannel.com: ExxonMobil and Shell to evaluate market interest as part of strategic study regarding Infineum JV

10/03/2008

The FINANCIAL — ExxonMobil Chemical, a division of ExxonMobil Corporation and Shell Chemicals Limited, an affiliate of Royal Dutch Shell plc announced on March 10 that, as part of the study to review strategic options for the Infineum additives joint venture, they have agreed to evaluate market interest and will be discussing Infineum with several potential buyers.

This study is part of an ongoing strategic assessment of the business and opportunities for growth, restructuring, or divestment depending upon fit with overall strategic business objectives.  

JP Morgan has been retained to assist with the strategic study.  No divestment decision has been made and there is no specific timetable related to the strategic study. 

During the review process, the shareholders remain committed to supporting Infineum’s strategic and operational goals and its ongoing financial progress.

http://finchannel.com/index.php?option=com_content&task=view&id=8025&Itemid=47

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