Exxon Mobil Corp. (XOM) plans to sell some of its European service stations as they aren’t profitable enough, French daily Les Echos reported, citing an unidentified person at the company.
Exxon will in coming weeks conclude the sale of 78 of its French service stations, the newspaper said, citing Francis Duseux, chief executive officer of Esso France. The company will keep using the Esso brand, Les Echos said.
Exxon is also planning to sell service stations in the U.K., Germany, Italy and Belgium, according to the newspaper.
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