Shell plans to leave Russia and is looking for a buyer for gas stations and a lubricants production plant

Shell is preparing to leave the Russian market and is looking for a buyer for its network of gas stations and a plant for the production of lubricants in Torzhka, Forbes reports citing sources in the company.

According to the publication, on May 5, employees of the Russian office announced that Shell found a buyer for her business. The transaction involves the sale of all stations (more than 370 in 28 cities) together with the staff, provided that the employees will save current salaries before the end of the year. The factory in Torzhka will be transferred along with debts that amount to 9 billion rubles.

The buyer was not called the buyer, but the Forbes sources call Lukoil the most likely contender.

On March 8, Shell announced plans to leave the Russian market, but then it was said about the closure of enterprises, and not their sale. Other fuel companies also announced possible fast care. So, on February 28, BP announced the imminent withdrawal from Rosneft shareholders.

After Russia's invasion of Ukraine, the centurion of companies stopped supplying their products or closed. In particular, the French network of sports stores Dekatlon announced the suspension of the activity, and the owner of the Lush cosmetic stores announced the closure of 17 out of 48 stores and the dismissal of 200 out of 500 employees amid the suspension of British Lush products to Russia.