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Shell and Motor Oil Deal - 2010

Shell and Motor Oil (Hellas) Corinth Refineries S.A announced on 30/06/2010 the completed sale of Shell’s downstream businesses in Greece and an agreement for the continued use of the Shell brand in the Greek market.

The sale includes Shell’s retail, commercial fuels, bitumen, chemicals, supply and distribution, and liquefied petroleum gas (LPG) businesses, as well as a lubricants oil blending plant. The purchase price is €245.6 million (around $300 million). With the completion of the agreement Shell Hellas A.E.’s company name will change to Coral A.E.

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