Shell considering sale of selected downstream businesses in Italy

Shell announced on April 16, that 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 represent 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. and Germany and downstream businesses in Finland and Sweden as well as the establishment of joint ventures in Brazil and across Africa.
Italy remains an important country for Shell.
(April 16, 2013)