Staying Informed

Shell Agrees Sale of Downstream Businesses in Australia to Vitol

Shell (RDS-A) (RDS-B) today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billion). The sale covers Shell's Geelong Refinery and 870-site retail business - along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia. It ...

 

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