Exxon Mobil in Talks to Close Share Sale in Key German Refinery

Exxon Mobil Corp. is in advanced talks with other shareholders to pave the way for its sale of a stake in Germany’s second-biggest refinery, which was halted after a court ruling earlier this year, according to people familiar with the matter.

Almost one year ago, the US oil giant announced its plansto sell a 25% stake in the MiRO Mineraloelraffinerie Oberrhein GmbH in the country’s southern city of Karlsruhe to commodity trader Alcmene, an Austrian affiliate of trader and terminal operator Liwathon Ltd, but the deal has yet to conclude.

Shell Plc — another shareholder in the ...