Royal Dutch Shell PLC agrees sale downstream businesses in Australia to Vitol

Sunday, 23 Feb 2014 07:00pm EST 

Royal Dutch Shell PLC:Says it has reached a binding agreement to sell Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of around AUD 2.9 bln (USD 2.6 bln).Says deal is subject to regulatory approvals and is expected to close in 2014. 

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