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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