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Dec 15, 2023 · The FTSE 100 oil and gas giant is selling its 37.5 per cent stake in the PCK refinery in Schwedt, north-east Germany to the London-based oil supply conglomerate Prax Group. The Schwedt refinery is ...
- Rachel Millard
The Prax Group has announced that it has signed a Sales and Purchase Agreement (SPA) to acquire a 37.5% interest in PCK Schwedt Refinery (“PCK”) and its associated logistic assets from Shell Deutschland GmbH. PCK is jointly owned by Shell Deutschland GmbH (37.5%), Rosneft Deutschland GmbH (“RDG”) (37.5%) and AET (25%).
Dec 15, 2023 · Shell said on Friday it had agreed to sell its 37.5% stake in the PCK Schwedt oil refinery, which supplies most of Berlin's fuel, to Britain's Prax Group, attempting to draw a line under its co ...
Dec 18, 2023 · Russian oil company Rosneft owns a 54.17% stake in the refinery and Italian energy company Eni owns the remaining 8.33%. Rosneft’s assets in Germany were put under trusteeship by Berlin following Moscow’s decision to invade Ukraine in early 2022.
Jul 8, 2024 · Russian energy group Rosneft , opens new tab has a majority stake in PCK Schwedt, which has traditionally supplied 90% of the fuel used in Germany's capital, Berlin.
Jul 8, 2021 · Shell Deutschland (Shell) has reached an agreement with Alcmene GmbH (part of the Liwathon Group) for the sale of its non-operated 37.5% shareholding in the Germany PCK Schwedt Refinery. The divestment is part of Shell's strategy to reduce its global refinery footprint to core sites integrated with the company's trading hubs, chemicals plants and marketing businesses.
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Dec 15, 2023 · Shell Plc agreed to sell its stake in the Schwedt refinery, a plant that supplies much of eastern Germany with fuel and has been caught up in Europe’s standoff with Moscow over the war in Ukraine.
