Shell sells its Republic operations

Updated: 21:53, Friday, 15 July 2005

Shell has sold all its retail and commercial businesses in the Republic for an undisclosed price.

Shell has sold all its retail and commercial businesses in the Republic for an undisclosed price.

Shell's Irish operations - which include oil importation, distribution and retail service stations - have an estimated annual turnover of €1 billion.

The purchasers - a consortium led by venture capital group Ion Equity - say they will be maintaining the operations and the association with the Shell brand.

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