Shell Sells Downstream Assets in Greece

Royal Dutch Shell says it has agreed to sell its downstream businesses in Greece to Motor Oil (Hellas) Corinth Refineries S.A. (Athens, Greece) for about €246 million. The deal includes the sale of about 720 retail stores, commercial fuels, bitumen, chemicals, supply and distribution, and liquefied petroleum gas businesses, as well as a lubricants oil blending plant in Perama, Greece. The deal also includes a 49% stake in an aviation joint venture, the company...

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