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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.
Comments (2)
  • smurf
    , contributor
    Comments (4121) | Send Message
     
    RDS making a lot of good moves lately, selling assets in troubled and/or third world economies.
    20 Feb, 11:46 AM Reply Like
  • dutchduke
    , contributor
    Comments (55) | Send Message
     
    I like what I'm seeing, went long at $66
    20 Feb, 12:49 PM Reply Like
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