Shell mulls possible sale of operations in Central America
Shell is reviewing its Central American operations with a view to selling them, following what is says was an unsolicited offer from another party.
Friday, May 30, 2008
"This doesn't mean Shell is going to close its operations in Central America," said Leobardo González, the company's general manager in El Salvador, "but it is going to evaluate them to see what the alternatives are."
Petróleos Delta closed negotiations to purchase Shell and will invest $ 4 million over the long term in the network of gas stations.
The Honduran group is close to acquire Shell's operations in Guatemala, Nicaragua and El Salvador.
The oil company announced its intention of selling its Central American operations in July 2008. One year later, the process goes on.
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.
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