SHELL TERMINATES SALE OF A/S DANSK SHELL TO DANSK OLIESELSKAB AS

NETHERLANDS – Shell today announced that the agreement it signed with Dansk Olieselskab AS (DO) in September 2016 regarding the sale of A/S Dansk Shell, which consists of the Fredericia refinery and local trading and supply activities, has terminated and the sale will not complete.

According to Shell, A/S Dansk Shell, including the refinery and local trading and supply activities, will remain under Shell’s ownership and continue business as usual.

In a statement, Shell Group said its $30 billion divestment programme remains on track to complete in 2018, with deals worth $23 billion completed, $2 billion announced and $5 billion in advanced progress.