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Shell completes sale of Dansk Fuels in Denmark

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Screen Shot 2016-04-20 at 13.50.03Written by Niamh Forrest – 02/05/2016 12:04 pm

Oil major Shell said it has completed the sale of Dansk Fuels in Denmark to Couche-Tard for $300million.

The company said Dansk Fuels comprises Shell’s retail, commercial fuels and commercial fleet and aviation business.

It will be owned by Circle K Denmark which was formerly Statoil Fuel and Retail, a subsidiary of Couche-Tard.

The move comes after Shell signed an agreement to divest the business in March last year.

The completion of the transaction follows regulatory approval from the European Commission.

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