Shell’s Planned Sale Of Rosneft’s Refinery In Germany Hits A Wall

Shell Plc’s (NYSE:SHEL) planned sale of a stake in the Schwedt refinery in Germany is facing delays due to pending lawsuits by third parties, Reuters has reported. Shell's planned sale of its 37.5% stake in the refinery to Britain's Prax Group, was expected to close in the first half of 2024; however, the deal has hit a snag after Berlin stripped majority owner Rosneft of its control, but not its shares, and put it under a trusteeship shortly after Russia invaded Ukraine in 2022. The lawsuits include an attempt by Rosneft to prevent the sale…