Shell Sells 185 Service Stations for Undisclosed Sum
Shell Sells 185 Service Stations for Undisclosed Sum
Published April 13, 2015 Dow Jones Newswires
Royal Dutch Shell PLC (RDSB.LN) said Monday it has accepted offers for the sale of 185 owned service stations to selected independent dealers for undisclosed sums, and exchanged contracts for 158 of them.
The oil major, which last week announced plans to by natural gas firm BG Group PLC (BG.LN), said the 185 service stations are spread across Great Britain and will retain the Shell brand. Dealers will continue to sell Shell’s fuels for at least the first five years following the sale, it added.
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