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."
The review is expected to take four months. Shell did not identify the company that made the offer.

More on this topic

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 "...Terra is participating in the purchase of Shell's operations ...

Sale of Shell C.A. Marches On

August 2009

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

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.

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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