Shell to More Than Double US Retail Network with TriStar Energy Acquisition in Nashville
SHEL Shell Plc ADR
$92.33 -0.51%
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- 1Shell (SHEL) to acquire Nashville-based TriStar Energy on Sept. 1, more than doubling its US retail footprint
- 2Acquires 320 fuel and convenience stores in Tennessee and neighboring states, plus supply contracts for 552 dealer-owned sites; Shell holds a 33% existing stake
- 3Part of strategy to redeploy resources to proven markets; deal targeted to close Dec. 1, sale price undisclosed
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