Shell will sell most of its downstream businesses in Chile for about $614million. On April 1, Royal Dutch Shell PLC (hereinafter referred to as shell) said on April 1 that the company had agreed to sell most of its downstream businesses in Chile to quinenco (), a large Chilean enterprise, for about $614million; The key markets of shell's global downstream business will be reduced, mainly focusing on large markets
the businesses involved in the above sale plan include all existing retail, commercial fuels, asphalt and chemical businesses of shell, as well as relevant supply and distribution facilities in Chile. According to the trademark license agreement signed by both parties, the retail network consisting of about 300 points will continue to use the brand of shell
analysts said that this transaction may give a slight boost to stocks. The transaction is in line with shell's overall strategy of divesting non core refining and marketing assets and using the proceeds for reinvestment in upstream projects
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