SHEL•Infineum is reportedly exploring an $8 billion sale, with Shell and ExxonMobil aiming for that valuation. The process is in its early stages and may not result in a transaction.
Infineum, a UK-based chemicals group owned equally by Shell and ExxonMobil, is exploring an $8 billion sale. The companies have tapped Bank of America to advise on a process that could attract private equity interest.
The sale process remains in its early stages and may not result in a transaction. Shell declined to comment, while ExxonMobil, Infineum and Bank of America did not immediately respond to requests for comment.
