Shell agrees sale of French mobility unit to DCC Energy, source says
SHEL•Shell has signed an agreement for the proposed sale of its French mobility business to DCC Energy, with completion expected in the second quarter of 2027, subject to employee consultation. The deal would cover around 70 sites, eight LNG installations and 35 employees; its value was not immediately determined.
1. Proposed sale details
Shell has signed an agreement with Dublin-based DCC Energy for the proposed sale of its mobility business in France, according to a person familiar with the matter and documents seen by Reuters. The parties have yet to finalise the deal, and completion is expected in the second quarter of 2027, subject to consultation with employee representatives. The transaction would include around 70 sites, eight LNG installations and the transfer of 35 employees.
2. Shell marketing earnings
Shell said it was considering a sale of its retail forecourts business in France and would not comment further. Its marketing unit, which includes fuel and charging retail stations, reported $1.3 billion in adjusted earnings in the second quarter, compared with $1.2 billion a year earlier.
