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Shell has ended talks with Unimot over selling German refinery stake, Bloomberg News reports
Source: reuters.com
Energy Markets & PricesGeopolitics & WarM&A & RestructuringCompany Fundamentals
Shell has ended negotiations to sell its stake in Germany’s Russia-linked Schwedt refinery to Polish energy group Unimot, according to Bloomberg. The termination suggests uncertainty in Shell’s divestment timeline for the Schwedt asset, but no transaction size or financial terms were disclosed, limiting near-term market impact.
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