Australia's Caltex scraps ExxonMobil gas stations deal

PERTH, April 29 Thu Apr 29, 2010 4:23am EDT

PERTH, April 29 (Reuters) - Caltex Australia Ltd (CTX.AX), the country's largest refiner, has decided not to proceed with its current proposal to buy ExxonMobil Corp's (XOM.N) 302 service stations in the country, it said on Thursday.

Caltex said in a statement that it will explore other opportunities to grow its business. (Reporting by Fayen Wong; Editing by Ed Davies)

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