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Market Chatter: Shell Revives Marketing Process for German Refinery Stake

MT Newswires·12/16/2025 23:25:05
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11:25 PM EST, 12/16/2025 (MT Newswires) -- Shell (SHEL.L, SHELL.AS) started meeting with potential buyers for its 37.5% stake in the PCK Schwedt oil refinery in Germany, Reuters reported Tuesday, citing three sources familiar with the matter. Two of the unnamed sources said the oil and gas company opened a data room for the possible transaction in December 2025, a year after a failed attempt to sell the interest to Prax Group. The company will accept offers for the stake until the end of January 2026, one of the sources told Reuters. Tibor Fedke, a partner at German law firm Noerr, said private energy trader Liwathon Group is interested in the refinery. Shell declined to comment when reached by MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)