Russia's Rosneft acquires Shell's 37.5% stake in German refinery PCK Schwedt By Reuters

Russia's Rosneft acquires Shell's 37.5% stake in German refinery PCK Schwedt

Stock MarketsNov 17, 2021 03:30AM ET

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Russia's Rosneft acquires Shell's 37.5% stake in German refinery PCK Schwedt

MOSCOW (Reuters) - Russian oil giant Rosneft has acquired Shell (LON:RDSa)'s 37.5% stake in German refinery PCK Schwedt, it said on Wednesday, exercising an option to buy and taking its shareholding to 91.67%.

Italy's Eni holds a 8.33% stake in the refinery.

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