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Report: Shell considering sale of 600 Argentina gas stations

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Sep 8 2016, 08:38 ET | By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) is considering selling ~600 gas stations in Argentina as part of a strategic review of its downstream assets in the country, Business Times reports.

Shell CEO Ben van Beurden said at a conference in New York yesterday that the company is in the middle of a strategic review of its downstream assets in Argentina as part of a $30B divestment program.

Shell has market share of 19% in Argentina for gas stations, making it the second biggest seller after state-owned YPF.

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