Occidental in Talks to Sell OxyChem Unit for at Least $10 Billion

Occidental Petroleum (OXY.N) is negotiating the sale of its OxyChem division, a transaction that could value the unit at a minimum of $10 billion, the Financial Times reported on Sunday.

The divestment was likely to be announced in the coming weeks, provided it does not hit any last-minute hurdles, the report said, citing two people familiar with the matter.

(Reporting by Bipasha Dey)