Shell sells downstream business in Italy to Kuwait Petroleum

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.

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Comments (2)
  • smurf
    , contributor
    Comments (6442) | Send Message
    RDS making a lot of good moves lately, selling assets in troubled and/or third world economies.
    20 Feb 2014, 11:46 AM Reply Like
  • dutchduke
    , contributor
    Comments (58) | Send Message
    I like what I'm seeing, went long at $66
    20 Feb 2014, 12:49 PM Reply Like
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