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Market Chatter: Shell Ends Discussions With Unimot Regarding Germany's Schwedt Refinery

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Shell (SHEL) ended talks with Unimot months ago over offloading its stake in Germany's Russia-linked Schwedt refinery, Bloomberg reported Thursday, citing people familiar with the matter.

The refinery, majority-owned by Russian oil firm Rosneft PJSC, has been stuck in an ownership deadlock since 2022, according to the report.

Shell did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $90.88, Change: $-0.23, Percent Change: -0.25%

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