By Gavin Evans
March 29 (Bloomberg) — Royal Dutch Shell Plc has agreed to sell its New Zealand downstream assets to Infratil Ltd. and the Guardians of New Zealand Superannuation for NZ$696.5 million ($492 million.)
The purchase, which remains conditional on funding and regulatory approval, will be funded with NZ$420 million of equity and a NZ$600 million banking facility, Wellington-based Infratil said in a statement to the New Zealand stock exchange.
Shell, Europes biggest oil company, is selling its New Zealand fuel retailing and refining interests as part of a global strategy to focus on oil and gas production in expanding markets. It agreed in November to negotiate exclusively with the Infratil-led venture on the sale of the groups 229 filling stations, port terminals and a 17 percent stake in New Zealand Refining Co.
Shells decision to sell was a once in a generation opportunity, Infratil Managing Director Marko Bogoievski said in the statement. The goal from here is to continue to provide high-quality fuels at competitive prices and to leverage the benefits of a New Zealand owned and managed downstream business.
Shell has operated in New Zealand for 97 years and began exploration there in 1955. It is retaining its oil and gas assets, which include stakes in the nations Maui, Kapuni and Pohokura gas fields.
New Zealand Superannuation is a government pension fund.
–Editors: Tracy Withers
To contact the reporter on this story: Gavin Evans in Wellington at [email protected]
To contact the editor responsible for this story: Iain Wilson at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
