Message: Prax Group taking ov

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Prax Group taking over shares from Shell

Entity: PCK Raffinerie GmbH
Message Category

Braun, Uwe

12/17/2023 12:59 PM

The Prax Group Signs An Agreement To Acquire Interest In PCK Schwedt Refinery From Shell Deutschland Gmbh - Prax Group

Shell has been interested to sell it's shares for almost 2 years. Initial talks with the Alcmene group were unsuccessful. Prax now entering into a challenging shareholder structure. The majority shareholder is Rosneft, whose shares under trusteeship by the German government.

#Refinery