European oil giant Royal Dutch Shell Plc (RDS-A, RDSA.L, RDSB.L, RDS-B) said it is considering the sale of its Retail, Aviation, and Supply and Distribution Downstream businesses in Italy. The company's non-service station Lubricants and Marine businesses are not part of this announcement. Also, this has no impact on the Upstream and Gas & Power businesses in Italy. These businesses present strong growth opportunities for the company in Italy.
According to the company, the potential sale is consistent with its strategy to focus its global Downstream businesses, where it can be most competitive. Recent examples include the sale of refineries in the UK and Germany and Downstream businesses in Finland and Sweden as well as the establishment of joint ventures in Brazil and across Africa, with Italy being an important country for Shell.
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