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  • Shell completes two Downstream divestments
    édité le 02/11/2015 - Plus de news de "SHELL" - Voir la fiche entreprise de "SHELL"


Shell completes two Downstream divestments
Royal Dutch Shell plc (Shell) announced the completion of two divestments from its global downstream portfolio.

In France, the company has completed the sale of its Butagaz LPG business to DCC Energy for €464 million. The transaction is a share sale and all Butagaz staff, together with the Butagaz brand, have passed to DCC Energy.

The completion follows the announcement in May 2015 that Shell had received a binding offer from DCC and follows consultation with the staff councils of Butagaz and Shell France, as well as regulatory approval. Shell’s other businesses in France – aviation, commercial fleet, lubricants, retail, and bitumen – are not impacted by this transaction.

Separately, Shell has also completed the sale of its 75% interest in Tongyi Lubricants in China to Huo's Group and The Carlyle Group, following regulatory approval. The commercial terms of the agreement will remain confidential.

Both divestments are consistent with Shell’s strategy to concentrate its downstream footprint on assets and markets where it can be most competitive, and to divest its LPG businesses worldwide.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.

About DCC Energy

DCC Energy is the leading oil and liquefied petroleum gas ('LPG') sales, marketing and distribution business in Europe. In oil distribution, DCC Energy is the market leader in Britain and Sweden and one of the leading oil distribution businesses in Austria, Denmark and Ireland. In LPG, DCC Energy is the market leader in Norway and Sweden, joint leader in the Netherlands and is the strong number two player in both Britain and Ireland. In Retail & Fuel Card, DCC Energy is building strong market positions in Britain, France and Sweden.


Origine : Communiqué SHELL

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