Chevron Corp. is considering a sale of all of its gas stations in Hong Kong amid interest from prospective investors, according to people familiar with the matter.
The American oil and gas company, which operates more than 40 Caltex-branded service stations in Hong Kong, may seek a valuation of about $400 million for the assets, one of the people said, asking not to be identified because the matter is private. Considerations are ongoing and details could change or not result in a deal, the people said.
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