Karachi, June 14, 2023: Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), has revealed its plans to divest its stake in Shell Pakistan Limited (SPL), as part of its portfolio simplification strategy.
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Having established a prominent presence in Pakistan for 75 years, Shell Pakistan boasts a significant retail footprint and a robust lubricants business.
The proposed sale is expected to undergo a targeted sales process, involving the execution of binding documentation and the fulfillment of relevant regulatory approvals. Shell has already attracted considerable interest from international buyers, signaling a strong market demand.
Despite the divestment plans, Shell Pakistan remains fully committed to ensuring safe and reliable operations during the transition period.
A spokesperson from Shell expressed the company’s dedication to maintaining its high operational standards and safeguarding its longstanding reputation in the Pakistani market.
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