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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.
- 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 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...
Oct 23, 2024 · In late August, reports emerged that Qatar is reportedly in talks to purchase Rosneft’s stake in the PCK Schwedt refinery. Qatar Investment Authority (QIA), the Qatari sovereign wealth fund,...
Dec 15, 2023 · Shell (SHEL.L) restarted efforts to sell the stake earlier this year after the German government put the local units of Rosneft (ROSN.MM), which owns 54.17% of the refinery, under trusteeship...
Jul 8, 2024 · Germany's Schwedt oil refinery is running at over 80% capacity despite uncertainty over its future ownership but market conditions mean there is no incentive to go any higher, German state...
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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-ownership of an asset majority-owned by Russia's Rosneft.
