Shell Sells Chile Fuel Business to Quinenco for $614 Million
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Royal Dutch Shell Plc sold most of its fuel business in Chile to Quinenco for $614 million as it focuses on increasing global production.
The sale will cover Shell’s retail, commercial fuels, bitumen and chemicals businesses, the Hague-based company said in a statement today. The disposal is part of plans to operate in fewer and larger markets for the half of the business that brings fuel to consumers, it said.