- Royal Dutch Shell (RDS.A, RDS.B) says it is selling its downstream business in Italy to Kuwait Petroleum International for an undisclosed sum, citing "commercial confidentiality."
- The operations being sold include Shell's retail, supply & distribution logistics and aviation businesses in the country; its non-service station lubricants, marine, gas and power and upstream businesses are not affected.
- Recent Shell sales have included refineries in the U.K., Germany, France, Norway and the Czech Republic and downstream businesses in Egypt, Spain, Greece, Finland and Sweden.
- RDS.A +0.8% premarket.
at Zacks.com (Nov 18, 2014)