Shell considering the sale of selected downstream businesses in Italy
Shell today announces that it is considering the sale of its Retail, Aviation, and Supply and Distribution Downstream businesses in Italy.
Shell’s non-service station Lubricants and Marine businesses are not part of this announcement. This announcement also has no impact on the Upstream and Gas & Power businesses in Italy. These businesses present strong growth opportunities for the company in Italy.
The potential sale is consistent with Shell’s strategy to concentrate its global Downstream businesses where it can be most competitive. Recent examples include the sale of refineries in the UK and Germany and Downstream businesses in Finland and Sweden as well as the establishment of joint ventures in Brazil and across Africa.
Italy remains an important country for Shell.
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