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Royal Dutch/Shell sells 338 petrol stations in Spain, other Spanish ops

AFX Europe (Focus): Royal Dutch/Shell sells 338 petrol stations in Spain, other Spanish ops

Sep 08, 2004

AMSTERDAM (AFX) – Royal Dutch/Shell said it reached an agreement with Spanish oil company Disa Corporacion Petrolifera SA concerning the acquisition by Disa of 338 Shell petrol stations in Spain, as well as 5 pct of Shell’s Spanish gas trading business and distribution operations throughout the country.

No financial details were disclosed, but press reports have previously put a valuation of 500 mln eur on the assets being sold by the Shell group.

Shell, which will retain its Spanish LPG, lubricant, aircraft and maritime businesses, expects to complete the transaction by the end of the year.

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