Shell Moves to Exit French Fuel Retail Market in Strategic Pivot

AI Summary

Shell plans to exit the French fuel retail market by selling its network of service stations, a move reflecting a strategic shift for the company. This decision could finalize early next year and aims to focus on core operations amidst market changes.

Shell plans to sell its network of about 60 service stations in France in a deal that could be finalized early next year, French daily Les Echos reported on Tuesday, quoting a communication the UK-based supermajor has shared with the affected employees, suppliers, and concessionaires. Shell expects to find a buyer for its French service station network in the third quarter of this year, the company told workers’ unions last month, Les Echos reports. Shell doesn’t own the service stations in France directly, as they are operated under…