Thursday, June 14, 2007
Shell announced today that it has signed an agreement to sell its interests in certain hydrocarbon transportation and power generation assets in Bolivia and Brazil to Ashmore Energy International (AEI). The transaction is pending all regulatory approvals and consents.
“The proposed sale is consistent with Shell’s strategy to act on market opportunities to divest assets, which we no longer see as core to our principal upstream and downstream businesses,” said Antonio Assumpcao, the VP responsible for Shell’s Gas & Power activities in South America. “The transaction enables Shell to better align its resources in support of its core businesses.”
Details : Shell