OIL GIANTS DUMP ASSETS
The Sunday Times
Business Digest
OIL groups Royal Dutch Shell and BP have put up $1 billion (£615m) of European assets for sale.
Shell has appointed Lazard, the investment bank, to sell its Swedish arm, which includes a refinery in Gothenburg, a marketing arm, and its network of more than 400 petrol stations. It hopes to pocket about $750m from the exit.
BP, meanwhile, has put its French petrol stations up for sale. The $200m business employs more than 2,000 people.
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