'Poland's Unimot In Talks To Buy Shell's Stake In German PCK Schwedt Refinery' - Reuters News
Portfolio Pulse from Benzinga Newsdesk
Poland's Unimot is in talks to buy a 37.5% stake in Germany's PCK Schwedt refinery, currently owned by Shell. The refinery, majority-owned by Russia's Rosneft, has been a problem for the German government since it ended energy ties with Moscow. This led Shell to revive plans to sell its stake in the refinery. Unimot is expanding international trading and seeking to import diesel to Germany amid EU sanctions on Russian oil and refined products.
September 25, 2023 | 4:59 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Shell is in talks to sell its 37.5% stake in Germany's PCK Schwedt refinery to Unimot. This comes as Shell revives plans to sell its stake in the refinery.
Shell's decision to sell its stake in the refinery is likely a strategic move to divest from a problematic asset. However, the impact on its stock price will depend on the sale price and the market's perception of the deal.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Unimot, a Polish company, is in talks to buy a 37.5% stake in Germany's PCK Schwedt refinery from Shell. This comes as Unimot is expanding its international trading.
Unimot's potential acquisition of a stake in the refinery could be seen as a positive move, expanding its assets and international presence. This could potentially have a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90