Shell Sells Chilean Downstream Business For $614M

Law360, New York (April 1, 2011, 5:41 PM EDT) -- Royal Dutch Shell PLC will sell most of its downstream business in Chile to Quinenco SA, one of the South American nation’s largest companies, for about $614 million, Shell said in a statement Friday.

The Anglo-Dutch energy giant has been on a selling spree for the past several years as it tries to concentrate its global downstream business in “fewer and larger markets.”

The proposed sale will cover all of Shell’s 300 Chilean gas stations as well as its commercial fuels, bitumen and chemical refining and...
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