Phillips 66 sells Euro businesses valued at $2.8 billion ahead of Elliott proxy fight vote

fortune.com/2025/05/15/phillips-66-sells-euro-biz-ahead-elliott-proxy-vote

Phillips 66 said May 15 it will sell majority stakes in its Germany and Austria retail fueling business ahead of its heated proxy fight next week with Elliott Investment Management.
Elliott is seeking to break Phillips 66 up after potentially gaining four board seats following May 21…

This story appeared on fortune.com, 2025-05-15 15:47:00.
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