Shell Sheds NZ Gas Stations, Refinery For $490M
Shell announced Sunday it had made a cash sale agreement with a joint venture composed of infrastructure company Infratil Ltd. and pension fund Guardians of New Zealand Superannuation.
The sale includes 220 service stations and Shell's 17.1 percent stake in the Marsden Point refinery, which produces 104,000 barrels a day, the company said.
Shell will continue...
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