Shell announces the conditional sale of its LPG business in Hong Kong and Macau to DCC Energy

Shell has announced the conditional sale of its Liquefied Petroleum Gas (LPG) business in Hong Kong and Macau to DCC Energy for a total enterprise value of US$ 150.3 million (approximately HK$ 1,165 million). John Abbott, Shell Downstream Director, said: “This sale supports Shell’s strategic commitment to focus Downstream activities on areas where we can be most competitive. This is one of the last of our wholly owned LPG businesses and this sale is another step in Shell’s ongoing portfolio optimisation strategy to deliver $30 billion of divestments between 2016 and 2018.” …. [Persbericht]