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The Post (Ireland): Shell in talks to sell retail and commercial businesses

The Post (Ireland): Shell in talks to sell retail and commercial businesses

Posted Saturday 25 June 2005

Shell announced today it is in negotiations with a number of prospective buyers for its retail and commercial businesses in Ireland.

The businesses include its retail service station network, supply and distribution assets and facilities, commercial fuels, lubricants and marine businesses.

The Corrib Natural gas project, which is part of Shell’s Exploration and Production business in Ireland, will not be affected in any way by this announcement.

In addition, Shell’s aviation, bitumen and chemical businesses are unaffected.

Dr Frank Bergin, director of Shell in Ireland, confirmed the company is in negotiations with a number of prospective buyers and hopes to make a decision in the coming weeks.

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