Chevron Completes Sale of Marketing Business in Cameroon
Source: www.gulfoilandgas.com 6/4/2009, Location: Africa
Chevron Corporation announced that its subsidiary, Chevron Africa Holdings Ltd., has completed the sale of Texaco Cameroun S.A. to Corlay Global S.A. Chevron announced the initial sales agreement in 2008.
The affiliate's assets include service stations, fuel depots and lubricants warehouses.
The sale is consistent with Chevron's ongoing effort to concentrate downstream resources and capital on strategic global markets and assets.
