Royal Dutch Shell Plc  .com Rotating Header Image

Shell in talks to sell Finnish, Swedish operations

Mon Sep 6, 2010 12:47pm GMT

LONDON, Sept 6 (Reuters) – Royal Dutch Shell (RDSa.L: Quote) has been in exclusive talks with Finnish fuel distributor St1 to sell its downstream business in Finland and Sweden, the oil major said on Monday.

“It is about selling our downstream business in Sweden and Finland, and it includes the Gothenburg refinery in Sweden,” a Shell spokesman said.

The Gothenburg refinery can process about 78,000 barrels of crude oil per day.

St1 is privately held and runs petrol stations across Scandinavia.

The oil major has been looking for buyers for other refineries in Europe as a part of its plan to divest about 15 percent of its refining assets.

The talks followed an agreement Shell reached in late August to sell its Heide refinery in Germany to billionaire Gary Klesch.

(Reporting by Ikuko Kurahone, editing by Jane Baird)

� Thomson Reuters 2010 All rights reserved

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell in talks to sell Finnish, Swedish operations”

Leave a Comment

%d bloggers like this: