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Article: Shell cancels plans to divest Swedish operations.(Royal Dutch/Shell Group )(Brief Article)
- Article from:
- Nordic Business Report
- Article date:
- September 23, 2004
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NORDIC BUSINESS REPORT-23 September 2004-Shell cancels plans to divest Swedish operations(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com
The Anglo-Dutch petrochemicals group Royal Dutch/Shell Group (Shell) said on Wednesday (22 September) that it had cancelled its plans to sell its Swedish operations, including its refinery in Gothenburg.
The decision reflects the good profitability of the Swedish operations, as well as the increased strategic value of having a representation in Sweden.
Shell also said that it would invest SEK25m in the ...