CMOP + 227 April 24, 2018 Royal Dutch Shell announced agreeing to sell its downstream business in Argentina to Raízen for $950 million. The sale includes the Dutch oil firm’s refinery in Buenos Aires, around 645 retail stations, as well as its supply and distribution activities across Argentina and other businesses. “We plan to continue thriving in Argentina’s downstream market through Raízen,” John Abbott, Shell’s downstream director, stated, noting that its JV has already delivered “significant value” for the mother company in Brazil. The sale comes as part of Shell’s strategy to simplify its portfolio through a $30 billion divestment programme. Quote Share this post Link to post Share on other sites
Marina Schwarz + 1,576 May 7, 2018 How far along have they got so far with the $30 billion divestments? Quote Share this post Link to post Share on other sites
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