SHEL - Shell Shifts Gears in South Africa Reportedly Exits Downstream Unit | Benzinga
Shell plc (NYSE:SHEL) reportedly plans to divest majority of its shareholding from a local South African downstream unit.
The move came after a comprehensive review of its businesses across all regions, reported Reuters.
“As a result of this review, Shell has decided to reshape the downstream portfolio and intends to divest our shareholding in SDSA … this decision was not taken lightly,” a Shell statement said, which the report cited.
Notably, Shell Downstream SA (SDSA) was formed after Shell ...