Shell Considering Sale of Downstream Businesses in Italy
Shell announced it is considering the sale of its Retail, Aviation and Supply and Distribution Downstream businesses in Italy. Shell’s non-service station Lubricants and Marine businesses are not part of this announcement. This announcement also has no impact on the Upstream and Gas and Power businesses in Italy. These businesses present strong growth opportunities for the company in Italy. The potential sale is consistent with Shell’s strategy to concentrate its global Downstream businesses where it can be most competitive. Recent examples include the sale of refineries in the U.K.