Royal Dutch Shell PLC (RDSB) Monday confirmed that it had signed a letter of intent with Finnish energy company St1 last Thursday, to start exclusive talks over the sale of the company's downstream assets in Sweden and Finland.
Royal Dutch Shell PLC (RDSB) Monday confirmed that it had signed a
letter of intent with Finnish energy company St1 last Thursday, to start
exclusive talks over the sale of the company's downstream assets in
Sweden
and
Finland
.
The assets discussed will include retail, commercial and bulk fuel operations
in both countries as well as Shell's Gothenburg refinery and marine transport
business in
Sweden
, a
Shell spokesman told Dow Jones Newswires Monday.
However, the talks will not include Shell's liquid petroleum gas and aviation
assets or its upstream gas operations in
Sweden
, the
spokesman added.
St1 operates six bioethanol plants in
Finland
, and
around 650 petrol stations in
Finland
,
Sweden
,
Norway
and
Poland
,
according to the company's website.
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