The proposed sale is consistent with the company’s strategy to concentrate its global downstream portfolio into fewer and larger markets.
The sale covers Shell’s existing retail, commercial fuels, bitumen and chemicals businesses, in addition to related supply and distribution infrastructure in Chile.
Under a separate deal, Quinenco has also been appointed as a macro distributor to market, sell and distribute Shell branded lubricants in Chile and will become the delivery service provider for Shell Marine Products’ international customers in the country.
