The company said the deal will boost its presence in a lucrative market and bring “competitively priced” Shell-branded gas to British customers.
The move marks an exception to Shell’s recent series of sales of non-production businesses, but the company said in a statement Tuesday it believed the deal would prove profitable in the long term.
The company said the gas stations purchased in the Midlands and south east of England complemented the rest of its British network well. The deal is expected to close at the end of 2011 pending regulatory approval.
Recent Comments:
