Finishing a process that began with a divestment agreement in March 2015, Shell recently completed the sale of Dansk Fuels in Denmark, which was sold to Couche-Tard in a $300 million deal, pending regulatory approval from the European Commission.
The company includes Shell’s retail, commercial fuels, commercial fleet and aviation businesses, as well as all of the product-distribution activities for those businesses; the deal also includes all working capital.
Shell will still be visible in Denmark due to a Trademark License Agreement it holds with Dansk Fuels, which will keep the euroShell card alive.
Dansk Fuels will be owned by Couche-Tard subsidiary Circle K Denmark A/S, formerly Statoil Fuel and Retail A/S.
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