Shell completed the sale of the first phase of its Hong Kong and Macau LPG marketing business to Ireland’s DCC on New Year’s Eve, international business newswires reported yesterday.
According to the report, Shell will continue to run its LPG plant in Hong Kong, which is part of the second phase of the transaction and is subject to conditions including regulatory approvals.
The sale of Shell’s LPG business in Hong Kong and Macau was announced last April for about US$150 million.