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Shell’s Planned Sale Of Rosneft’s Refinery In Germany Hits A Wall

Summary by Oil Price
Shell Plc’s (NYSE:SHEL) planned sale of a stake in the Schwedt refinery in Germany is facing delays due to pending lawsuits by third parties, Reuters has reported. Shell's planned sale of its 37.5% stake in the refinery to Britain's Prax Group, was expected to close in the first half of 2024; however, the deal has hit a snag after Berlin stripped majority owner Rosneft of its control, but not its shares, and put it under a trusteeship shortly af…
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