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Shell Sells Downstream Assets in Greece

12:11 PM MDT | September 29, 2009 | Lindsey Bewley

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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