PT Shell Indonesia, a subsidiary of Shell plc has agreed to transfer ownership of its public fuel filling station business in Indonesia to a new joint venture between Citadel Pacific Limited and Sefas Group.
"The operational activities of Shell gas stations will continue as usual, until the completion of the transfer of ownership process is expected to occur next year," said Vice President of Corporate Relations Shell Indonesia Susi Hutapea when confirmed.
After the transfer of ownership is complete, he said, the Shell brand will remain in Indonesia through a brand licensing agreement.
Tags:
asiaeast
