Tuesday September 22, 2020

Shell sell-off boosts interest in Statoil

The owners of Shell’s Irish filling stations have sold five stations for close to €50 million, less than a year after they bought the business.

10th June, 2006

The high prices being paid by property developers for the sites are driving interest in Statoil’s Irish business, which is on the market for more than €200 million. Texaco’s Irish business is also likely to be sold, according to industry sources.

Last July, Topaz Distribution & Logistics paid about €180 million for Shell’s retail and commercial business. It includes 55 Shell stations, six oil importation facilities, 35 local depots and fuel...

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