Shell sells 185 UK petrol stations as retail divestments continue
Mon Apr 13, 2015
(Reuters) – Shell (RDSa.L) has agreed to sell 185 service stations across Britain to two independent dealers, it announced on Monday, further reducing its presence in the European retail energy market.
Shell announced downstream andretail divestments last year in countries including Italy,Norway andGermany as part of cost cuts prompted by weak oil prices.
Shell has agreed to sell 90 of 185 stations to Motor Fuel Group, which already manages BP-branded service stations, while the sale of 68 others has been agreed with Euro Garages, the company said, without disclosing financial details.
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