Exxon Completes $4.9 Billion Denbury Acquisition ...Middle East

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Exxon Completes $4.9 Billion Denbury Acquisition
source : OILPRICE ( Middle East ) () 17
ExxonMobil said on Thursday it had completed the acquisition of carbon solutions provider Denbury in an all-stock transaction valued at $4.9 billion, which makes the U.S. supermajor the holder of the largest owned and operated CO2 pipeline network in the U.S. The deal, first announced in July this year, obtained Denbury shareholder approval earlier this week. The combination will further expand ExxonMobil's ability to provide large-scale emission-reduction services to industrial customers, the company said in its Q3…

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