Shell Completes Sale of Denmark Marketing Business to Couche-Tard

Shell has completed the sale of Dansk Fuels in Denmark to Couche-Tard for approximately $300 million including working capital. Dansk Fuels comprises Shell’s Retail, Commercial Fuels, Commercial Fleet and Aviation businesses, and products distribution activities associated with those businesses. It will be owned by Circle K Denmark A/S (formerly Statoil Fuel and Retail A/S), which is a subsidiary of Couche-Tard.
Shell signed an agreement to divest the business in March 2015. Completion of the transaction follows regulatory approval from the European Commission. …