US EditionShell to Exit Fuel Retail Business in Indonesia, Sells Stations to JV - British Chamber of Commerce in Indonesia
Summary by British Chamber of Commerce in Indonesia
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Shell to Exit Fuel Retail Business in Indonesia, Sells Stations to JV - British Chamber of Commerce in Indonesia
Global energy giant Shell plc has announced the sale of its entire fuel retail network in Indonesia to a joint venture between Citadel Pacific Limited and Indonesia’s Sefas Group. In a statement released Friday, Shell Indonesia confirmed that the transaction covers all its approximately 200 gas stations, including 160 company-owned site. Citadel Pacific holds Shell branding rights in several Asia-Pacific territories such as Guam, Saipan, Macao, …
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