Shell sells Norwegian fuel assets

Shell has completed the sale to St1 Nordic of Smart Fuel, its retail, commercial fuels, supply and distribution logistics businesses in Norway. The Shell brand will continue to be highly visible in Norway through a retail brand licence agreement, and Shell fuels and lubricants will continue to be sold at the 404 retail sites which will transfer to St1’s ownership. Additionally, Shell and St1 have joined forces to create Aviation Fuelling Services Norway, a joint venture to sell aviation fuel in Norway.