Sale of Shell C.A. Marches On

The oil company announced its intention of selling its Central American operations in July 2008. One year later, the process goes on.

Monday, August 3, 2009

Negotiations are lead by a team based on Houston, U.S., and the name of the potential purchaser has not been revealed, for confidentiality reasons, informed Juan Ángel Díaz, Shell Guatemala CEO.

"As employees we are interested in knowing who is on the other side of the table. The process is on its course, and when the purchase agreement is signed, if it is signed, the name of the purchaser will be known", said the executive in an article in ElPeriodico.com.gt.

More on this topic

Puma Energy Announces Continued Expansion in Guatemala

January 2012

The company plans to open 80 new service stations in an attempt to consolidate themselves as the second largest in the Guatemalan market.

During the course of this year, share purchases will be completed with ExxonMobil in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama.

Petróleos Delta Acquires Assets of Shell Costa Rica

March 2011

Petróleos Delta closed negotiations to purchase Shell and will invest $ 4 million over the long term in the network of gas stations.

The new company will also operate the 13 convenience stores located at the gas stations.

"Both services will change name and corporate identity over the short term, the CEO added.

Grupo Terra Could Buy Shell C.A.

September 2009

The Honduran group is close to acquire Shell's operations in Guatemala, Nicaragua and El Salvador.

Terra has had operations in El Salvador since 2007, through its associate 'Grupo Uno'.

Miguel Pérez, Terra representative in El Salvador, told local news site Elsalvador.com: "...Terra is participating in the purchase of Shell's operations ...

Shell still evaluating whether to operate in the regional market

August 2008

The existence of an offer to buy Shell Central America and the evaluation of the business in the region to measure its performance are two aspects that are still being evaluated by the company.

According to the representative from the petroleum firm, Hugo Perdomo, this analysis was announced on May 28 and will last six months to a year. This process is to evaluate the profitability panorama.

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