Shell to Sell 25% Of Its UK Petrol Stations
By: MICHEAL KAUFMAN: Published: Apr 14, 2015 at 8:11 am EST
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has agreed to sell 25%, or 185, of its petrol stations in the UK. The sale of the petrol stations is part of the company’s cost-cutting strategy amid the declining crude oil price. Another strategy of the company is to grow its fuel dealer network instead of owing the retail outlets directly.
As reported by the Guardian, last year in September, Shell had indicated intentions of selling 250 of its petrol stations and cutting the total number of 1,000 petrol stations it owned by 50%.
The TRUTH will set you FREE.
No comments:
Post a Comment