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)

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