The assets discussed will include retail, commercial and bulk fuel operations in both countries as well as Shell's Gothenburg refinery and marine transport business in Sweden, a Shell spokesman told Dow Jones Newswires Monday.
However, the talks will not include Shell's liquid petroleum gas and aviation assets or its upstream gas operations in Sweden, the spokesman added.
"This development follows a previous announcement by Shell that it is reviewing ownership options for the businesses in question, consistent with its strategy to refocus its global downstream footprint into fewer, larger markets," Shell said in an emailed statement Monday.
As part of Shell's stated strategy to reduce its net refining capacity by 15%, last month the oil major signed a binding agreement for the sale of its 90,000-barrels-a-day Heide refinery in Germany and its associated local infrastructure and businesses to private equity firm Klesch & Co. Ltd.
St1 operates six bioethanol plants in Finland, and around 650 petrol stations in Finland, Sweden, Norway and Poland, according to the company's website.
China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html
