The Anglo-Dutch supermajor has offloaded Dansk Shell to Dansk Olieselskab for around $80 million, including working capital.
The sold company includes the 70,000-barrels-per-day Fredericia refinery as well as local trading and supply activities.
“The divestment is consistent with Shell’s strategy to concentrate its downstream operations on areas where it can be most competitive,” Shell said.
“The transaction includes long-term agreements for the supply of crude oil and feedstocks to the refinery, including GTL (gas-to-liquids), and for the offtake of some products from the refinery.
