Occidental Selling Stake in Terminal: As part...
From Times Staff and Wire Reports
Occidental Selling Stake in Terminal: As part of its restructuring, Occidental Petroleum Corp. is selling its 50% interest in the Antwerp Gas Terminal in Belgium to its partner, Acid Carbonique Pur Group of Luxembourg. The value of the transaction to Occidental is $37.7 million. As a result of the sale, Occidental said, it will remove its share of AGT debt from its balance sheet and receive a cash payment.
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