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Exxon Mobil Corp's Imperial Oil Ltd To Pay CAD1.55 Billion For 50% Stake In Celtic Exploration Ltd.-Reuters


Wednesday, 28 Nov 2012 08:56am EST 

Reuters reported that Imperial Oil Ltd will invest CAD1.55 billion for a 50% stake in Celtic Exploration Ltd after Celtic is taken over by parent Exxon Mobil Corp. Exxon Mobil, which owns 69.6% of Imperial, said in October that it would buy Celtic through its Canadian subsidiary ExxonMobil Canada for CAD2.6 billion. 

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