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Royal Dutch Shell Plc .com: Royal Dutch Sells Assets to Gilligan

July 5, 2006, 1:28PM

© 2006 The Associated Press

NEW YORK — Dutch energy company Royal Dutch Shell PLC said Wednesday its Shell Oil Products U.S. division has sold stakes in 31 sites and 10 fuel supply contracts to Gilligan Oil Co., an Ohio wholesaler, for an undisclosed sum.

The sale was part of a plan Shell unveiled in 2005 to shift its retail assets to wholesale in 16 regions, thereby strengthening the company’s wholesale business.

Shell’s U.S.-listed shares shed 16 cents to $67.72 on the New York Stock Exchange.

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