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Deals Rumor Mill: ConocoPhillips, Saudi Aramco, Xiaomi

By Adam Rhodes (June 4, 2018, 7:52 PM EDT) -- ConocoPhillips is getting ready to sell its Cenovus Energy stake, Reuters reported on Monday. According to the report, the American energy giant has been in talks with banks about naming advisers to lead a sale. Cenovus' current share price values the stake at $2 billion, Reuters reported. Citing mercurial market conditions, Reuters' sources said the company would have to wait until September to sell the stake if it doesn't do so by early July. The report notes that ConocoPhillips bought the unit as part of an asset sale in 2017....

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