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Royal Dutch Shell selling off its petrol stations in Australia?

Screen Shot 2013-12-22 at 19.09.52By John Donovan

THE BEN VAN BEURDEN FIRESALE

RETRENCHMENT AFTER AN ERA OF OVER-PROMISE AND UNDER-DELIVERY

I published over the weekend Shell insider rumours that Royal Dutch Shell may be considering selling off Shell Oil Company, perhaps to its 50-50 jv partner in Motiva Enterprises, Saudi Aramco. In what might be a related move, news has broken today that Royal Dutch Shell is also mulling the divestment of its refinery and petrol stations in Australia. According to The Australian Financial Review, Shell is in “preliminary” negotiations with a large private equity firm and a consortium including Macquarie Group to offload its $3 billion network of petrol stations as well as its refinery in Geelong, which was put on the market last year.

Insider rumours circulating that Shell may divest Shell Oil Co

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Shell: A continuing story of Over-promise and Under-delivery: 4 December 2013

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