POST Online Media Lite Edition



 

Shell to sell some Italian businesses

Staff writer |
Shell announced that it is considering the sale of its retail, aviation, and supply and distribution downstream businesses in Italy.

Article continues below






Shell's non-service station Lubricants and Marine businesses are not part of the announcement. This announcement also has no impact on the Upstream and Gas & Power businesses in Italy. These businesses present strong growth opportunities for the company in Italy.

The potential sale is consistent with Shell's strategy to concentrate its global Downstream businesses where it can be most competitive. Recent examples include the sale of refineries in the UK and Germany and Downstream businesses in Finland and Sweden as well as the establishment of joint ventures in Brazil and across Africa.


What to read next

DCC offers $529 million for Shell Butagaz LPG business
Shell to sell stake in Tongyi Lubricants to Huo's Group and Carlyle Group
Shell sells Australian aviation fuel unit