Shell Retail and Convenience Operations (a subsidiary of Shell Oil Products) revealed that it has signed an agreement to acquire 248 fuel and convenience retail sites from the Landmark Group.
The statement elaborated that the agreement also includes supply with an additional 117 independently operated fuel and convenience sites.
This acquisition enables Shell to boost its presence in the U.S. and strengthen its ongoing business relationships. It will help Shell to enhance its Powering Progress Strategy.
The deal is expected to be completed by the end of the year pending to the regulatory clearance and the satisfaction of closing conditions.
In this regard, Shell’s Downstream Director Huibert Vigeveno said, “Today’s announcement increases our presence in a core market and shows our growth strategy in action. It brings us closer to more customers and strengthens our ability to meet their rapidly changing needs. The deal also allows us to work hand-in-hand with customers to help shape demand for low-carbon energy products and services while profitably decarbonizing alongside them.”