Royal Dutch Shell PLC Plans to Sell Its Shares in Ceska Rafinerska-Reuters

Tuesday, 16 Apr 2013 05:36am EDT 

Reuters reported that Royal Dutch Shell PLC has offered to sell its minority stake in the Czech refineries. The Czech government will consider this offer. The Minister of Trade and Industry of the Czech Republic said that purchase of 16.33% stake in Ceska Rafinerska would make sense only within a broader consolidation of assets in the oil sector, including pipeline operators and therefore he plans to propose the consolidation plan to the Czech Government.