Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    51,090.50
    -541.34 (-1.05%)
     

  • CMC Crypto 200

    1,327.66
    -68.87 (-4.93%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Shell agrees $80 mln sale of remaining Danish downstream business

Reuters - UK Focus

LONDON, Sept 15 (Reuters) - Royal Dutch Shell (LSE: 0LN9.L - news) has agreed an $80 million sale of its remaining Danish downstream business, including its Fredericia refinery, to Denmark's Dansk Olieselskab, the company said on Thursday.

Shell (LSE: RDSB.L - news) , which wants to sell $30 billion worth of assets, will continue a long-term agreement to provide crude oil and feedstocks to the 70,000 barrel-a-day refinery and to offtake some of its products, it said.

The transaction, which completes Shell's exit from Denmark's downstream oil and gas market after the sale of its marketing business to Couche-Tard in May, includes Danish trading and supply activities and around 240 employees in total.

The deal is expected to complete next year.

Shell has to complete divestments of $6-8 billion this year to remain on track to reach its $30 billion target. (Reporting by Karolin Schaps; editing by Jason Neely)