Shell to Retain Ownership of A/S Dansk Shell (Scandinavian Oil-Gas Magazine)

Shell to Retain Ownership of A/S Dansk Shell

Published Jan 3, 2018

Shell has announced that the agreement it signed with Dansk Olieselskab AS (DO) in September 2016 regarding the sale of A/S Dansk Shell, which consists of the Fredericia refinery and local trading and supply activities, has terminated and the sale will not complete.

A/S Dansk Shell, including the refinery and local trading and supply activities, will remain under Shell’s ownership and continue business as usual.

Shell Group’s $30 billion divestment programme remains on track to complete in 2018, with deals worth USD 23 billion completed, USD 2 billion announced and USD 5 billion in advanced progress.

Tags: Dansk Olieselskab AS, Shell

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