Shell Said to Work With Lazard on Home Energy Retail Unit Sale
- Shell is looking at selling its European household energy unit
- Energy crisis shook the low-margin energy supply business
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Shell Plc is working with US investment bank Lazard Ltd. to evaluate options including a sale of its European retail gas and power business, according to people familiar with the matter.
The London-based oil and gas giant could still opt to keep the unit, said the people, who asked to not be identified because the matter isn’t public.