Company: Shell is considering selling its stake in a local South African unit : Orishas-finance

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Company: Shell is considering selling its stake in a local South African unit

08/05/2024

Source : ORISHAS-FINANCE

Categories: Companies

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Company: Shell is considering selling its stake in a local South African unit

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Oil major Shell said on Monday that it will sell its majority stake in a local South African unit downstream after a thorough review of its activities in all regions.

Shell said in a statement that it has decided to reshape its downstream business portfolio and intends to sell its stake in SDSA. Shell is continuing its exploration activities off the country's coast, which is being opposed by environmentalists, who have filed a lawsuit. During the divestiture process, Shell said it would work to maintain SDSA's operating capabilities and maintain its brand presence

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