LOC17:42
14:42 GMT
BRUSSELS, Oct 27 (KUNA) -- Royal Dutch Shell annnounced Wednesday that it
has agreed to sell the majority of its refining and marketing businesses in
Finland and Sweden to Finnish firm Keele Oy for USD 640 million.
Shell which has has its headquarters in The Hague said in a statement that
the deal includes Shell's retail business, including some 340 service stations
in Sweden and some 225 in Finland as well as its commercial road transport in
both markets.
Also included is Shell's 87,000-barrels-per-day Gothenburg Refinery,
Shell's bulk fuels business in both markets and the Shell marine business in
Sweden.
Commenting on the deal Mark Williams, Royal Dutch Shell's Downstream
Director, said: "This transaction is consistent with Shell's Downstream
strategy to reduce net refining capacity by 15 percent, to reduce our
marketing footprint, and focus the portfolio on profitability and growth
potential." (end)
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KUNA 271742 Oct 10NNNN