Shell plc’s SHEL Indonesian affiliate has taken a bold step in reshaping its business strategy by divesting fuel retail operations to a joint venture between Citadel Pacific Limited and Sefas Group.
Shell Indonesia, a wholly owned subsidiary of European oil and gas major Shell (NYSE:SHEL), has agreed to transfer ownership of its fuel filling station business in Indonesia. The buyer will be a new ...
JAKARTA, May 23 (Reuters) - Shell Indonesia has agreed to sell ownership of its gas station business to a joint venture between Citadel Pacific Limited and Sefas Group, but will keep its lubricant ...
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