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Shell plans to sell its network of about 60 service stations in France in a deal that could be finalized early next year.
Shell plans to sell its network of about 60 French service stations by early next year.
KEY POINTS
- Shell-branded French service stations earned about $127.5 million in operating profit last year.
- The service stations are concession-operated and not directly owned by Shell, but Shell supplies fuel.
- Shell's $16.4 billion acquisition of ARC Resources adds 370,000 boe/d and 2 billion barrels of reserves.
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