16 July 2005

Shell sells its Republic operations


15 July 2005 21:53

Shell has sold all its retail and commercial businesses in the Republic for an undisclosed price.

Shell's Irish operations - which include oil importation, distribution and retail service stations - have an estimated annual turnover of €1 billion.

The purchasers - a consortium led by venture capital group Ion Equity - say they will be maintaining the operations and the association with the Shell brand.

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