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Shell mulls sale of downstream businesses in Italy

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    Anonymous

    Royal Dutch Shell (LON:RDSA, NYSE:RDS.A) said Monday it is considering the sale of its Retail, Aviation, and Supply and Distribution Downstream businesses in Italy as part of a strategy to focus its global Downstream business where it can be most competitive.
    The group operates 870 service stations in the country which could be sold.
    Shell, however, will not sell its non-service station Lubricants and Marine businesses as well the Upstream and Gas & Power businesses in Italy, which present strong growth opportunities for the company in the country, a statement read.
    Recent examples of Shell’s strategy include the sale of refineries in the UK and Germany and Downstream businesses in Finland and Sweden as well as the setting up of joint ventures in Brazil and across Africa, the company explained.
    Italy remains an important country for Shell, the statement read.
     
    (SeeNews) – Apr 16, 2013

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