Shell mulls sale of downstream businesses in Italy
Shell is considering the sale of its retail, aviation, and supply and distribution downstream businesses in Italy, the company announced on Monday.
Shells non-service station lubricants and marine businesses are not part of this announcement, the company added.
The announcement also has no impact on the upstream and gas and power businesses in Italy, as Shell said these businesses present strong growth opportunities.
The potential sale is consistent with Shells strategy to concentrate its global downstream businesses where it can be most competitive, according to company officials.
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.
Shell noted that Italy remains an important country for its business.
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