Shell to Acquire 248 Retail Sites in the US
October 26 2021 - 01:09PM
Dow Jones News
By Jaime Llinares Taboada
Royal Dutch Shell PLC said Tuesday that it has agreed to acquire
248 fuel and convenience company-owned retail sites in the U.S.
The seller is Landmark Group, whose stores operate in Texas
under the Timewise brand. The deal includes supply agreements with
a further 117 independent sites.
"Today's announcement increases our presence in a core market
and shows our growth strategy in action," Shell's downstream
director Huibert Vigeveno said.
The Anglo-Dutch energy company said the transaction falls within
its 2021 capital expenditure budget of below $22 billion.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 26, 2021 12:54 ET (16:54 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Shell (LSE:RDSA)
Historical Stock Chart
From Feb 2024 to Mar 2024
Shell (LSE:RDSA)
Historical Stock Chart
From Mar 2023 to Mar 2024