News & Media releases

Shell Focuses LPG Operations on Key Countries

21/03/2007

Shell Gas (LPG) Holdings B.V. (Shell) announced today that it had signed sale and purchase agreements with Rubis for the sale of its Liquefied Petroleum Gas (LPG) businesses in Bulgaria, the Czech Republic, Germany, Romania, Spain, and Switzerland. The deal in Romania is subject to the pre-emption and prior approval rights of Shell's existing partners in Romania.

The buyer in all these countries is Rubis.

The transaction is consistent with Shell's strategy of 'more upstream, profitable downstream' through the active management of its portfolio of businesses and assets to create maximum value for customers and shareholders.

"We are consolidating and building our business where we're already strong, investing and growing in markets with the highest potential, whilst taking strategic decisions to move out others.  The LPG business is making significant progress in simplifying our portfolio, reducing complexity and operating costs," said Erwin Friederich, Vice President for Shell's global LPG business.