Oil major Shell said it has completed the sale of Dansk Fuels in Denmark to Couche-Tard for $300million.
The company said Dansk Fuels comprises Shell’s retail, commercial fuels and commercial fleet and avitation business.
It will be owned by Circle K Denmark which was formerly Statoil Fuel and Retail, a subsidiary of Couche-Tard.
The move comes after Shell signed an agreement to divest the business in March last year.
The completion of the transaction follows regulatory approval from the European Commission.
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