Report: Shell sells Australian service stations, other assets for $2.4B

Royal Dutch Shell (RDS.A, RDS.B) reportedly has sold its downstream Australian assets to Dutch-owned oil trader Vitol and the Abu Dhabi Investment Council for ~$2.4B.

Shell has been planning to sell the business, which includes a refinery, import terminals and 900 service stations, as part of new CEO Ben Van Beurden's worldwide divestment program.

The sale would mean Australia's Macquarie Group and partner Glencore Xstrata (GLCNF], GLNCY) were not successful in their efforts to buy the assets.

From other sites
Comments (2)
  • smurf
    , contributor
    Comments (6261) | Send Message
    Looks like Shell CEO means what he says about getting leaner.
    19 Feb 2014, 11:33 AM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (4368) | Send Message
    It does, and it may be a coincidence (I don't think so tho), but pps heading back up recently.


    Somebody with deep pockets is liking what's going on with RDS.
    19 Feb 2014, 11:42 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs