Shell Pulls The Plug On European Retail Energy Arm ...Middle East

OILPRICE - Economy
Shell Pulls The Plug On European Retail Energy Arm
source : OILPRICE ( Middle East ) () 48
Shell has recently confirmed its decision to exit the retail energy markets in the UK, Germany, and the Netherlands due to poor returns.  This move comes as part of Shell's strategic review of its European retail businesses, which was initiated earlier this year in response to challenging market conditions.  “That review has now concluded and as a consequence, we intend to exit those businesses. A sales process is already underway, with the intent to reach an agreement with a potential buyer in the…

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