USD 71.6797

0

EUR 87.3274

0

BRENT 73.19

+0.02

AI-92 45.68

+0.01

AI-95 49.49

+0.01

AI-98 55.49

+0.02

Diesel 49.73

0

748

Shell completes sale of its LPG marketing business in Hong Kong and Macau

Shell has completed the sale of the first phase of its Hong Kong and Macau LPG marketing business to DCC LPG on 31st December 2017.

Shell completes sale of its LPG marketing business in Hong Kong and Macau

Shell has completed the sale of the first phase of its Hong Kong and Macau LPG marketing business to DCC LPG on 31st December 2017.

The company reported this on January 3, 2018.

 

Shell continues to operate the LPG plant in Hong Kong, which is part of the 2nd phase of the transaction and is subject to conditions including regulatory approvals.

The sale of Shell’s entire LPG business in Hong Kong and Macau was announced on 5 April 2017 for an agreed total transaction value of approximately US$ 150 million.

As part of the sale, Shell branded LPG products will continue to be available in Hong Kong and Macau via a long-term brand license agreement with DCC LPG.

The sale does not impact any of Shell’s other businesses and Shell remains committed to helping meet growing energy demand in Hong Kong and Macau.

Source : Neftegaz.RU


Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"

Advertising at neftegaz.ru