Equities
Market Chatter: Shell, Unimot End Talks for Stake in German Refinery With Russian Ties
Shell (SHEL.L, SHELL.AS) and Unimot (UNT.WA) concluded talks for the sale of the former's stake in the Russia-linked Schwedt refinery in Germany, Bloomberg News reported Thursday, citing people familiar with the matter.The years-long talks ended months ago, the report said. The two sides were reportedly in advanced talks in February, as Shell looks to exit its 37.5% stake in PCK Raffinerie.Russia's Rosneft owns a majority stake in the refinery.Shell declined to comment when reached by.(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.)
$SHEL.L$SHELL.AS$UNT.WA
