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Denmark: Shell divests Danish operations to Postlane Partners


Oil company Shell has announced in a press release that US private equity company Postlane Partners has acquired Shell's Danish operations. The deal includes the Fredericia refinery, its hydrocarbon inventory, and local trading and supply activities. The parties have not disclosed the transaction price. Robin Mooldijk, Shell Executive Vice President, Manufacturing, states: "This exit supports our ambition to be a net-zero emissions energy business by 2050 or sooner, in step with society." Approximately 260 people currently employed by A/S Dansk Shell will remain employed by the company under new ownership.


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Saturday, November 26, 2022