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Shell sells German Heide refinery to Klesch

REUTERS

LONDON | Fri Aug 20, 2010 5:27am EDT

Aug 20 (Reuters) – UK private equity fund Klesch & Co said on Friday it had agreed to buy the Heide refinery from Royal Dutch Shell (RDSa.L).

The deal, which is subject to regulatory approval, is expected to close before the end of the year, the statement said.

The German refinery can process 4.5 million tonnes of crude per year. (Reporting by Ikuko Kurahone and Pratima Desai)

REUTERS ARTICLE

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