Occidental reaches a potential deal to sell Anadarko's Africa assets for about $8 billion if the oil companies complete a proposed takeover
The announcement by Occidental, which is in a contest with larger rival Chevron Corp. to buy Anadarko that has each company bidding in excess of $30 billion, is part of a plan by Occidental to sell assets to improve its balance sheet if it can complete the purchase of Anadarko.
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