Shell sells its PCK Schwedt Refinery Shares

Shell Deutschland (Shell) has reached an agreement with Alcmene GmbH (part of the Liwathon Group) for the sale of its non-operated 37.5% shareholding in the German PCK Schwedt Refinery.

The divestment is part of Shell’s strategy to reduce its global refinery footprint to core sites integrated with the company’s trading hubs, chemicals plants and marketing businesses.

The transaction is expected to close in the second half of 2021, subject to partner rights and regulatory approval.

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