Shell In Talks With Saudi Aramco To Sell Gas Station Business In Malaysia For Up To $1B
Portfolio Pulse from Charles Gross
Shell is reportedly in discussions with Saudi Aramco to sell its gas station business in Malaysia, with the deal potentially valued at up to $1 billion, according to Reuters citing sources.
May 06, 2024 | 9:54 am
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Shell's potential sale of its Malaysian gas station business to Saudi Aramco for up to $1 billion could indicate a strategic shift or focus on other core areas.
The sale of Shell's gas station business in Malaysia to Saudi Aramco for a significant amount suggests a strategic realignment or a focus on more profitable or core areas of its business. This could be viewed positively by investors as an efficient capital allocation move, potentially leading to a short-term positive impact on Shell's stock price.
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