Did you know that Shell once had a vast network of gas stations across Greece? This isn’t just any Shell. We’re standing where a piece of that history once thrived. In 2010 Shell decided to sell its downstream businesses in Greece to Motor Oil Hellas. This included retail commercial fuels bitumen chemicals and more. The sale also involved a lubricants oil blending plant. The deal cost a staggering €245.6 million approximately $300 million. Imagine the scope of that operation. This sale was part of Shell’s global strategy to simplify its portfolio. They aimed to focus on larger more integrated assets in rapidly growing markets. This was a significant shift in Shell’s presence in the Greek market. It wasn’t just about money. It was a strategic move reflecting changing global economic conditions and Shell’s own business priorities. The deal also created a joint venture. Shell & MOH Aviation Fuels A.E was born. This new venture focuses on aviation fuels. It retains the Shell brand and operates in various airports across Greece and Bulgaria. Today it’s part of a wider international network fueling planes in approximately 800 airports globally. This joint venture signifies a continued presence of Shell in the Greek aviation sector. After the sale the Greek branch of Shell changed its name to Coral A.E. However the familiar Shell brand continues at around 700 retail stations. This legacy is visible even today a testament to Shell’s significant past impact on the Greek market. The sale was a major turning point for Shell in Greece. It marked a shift from direct ownership to strategic partnerships. But the Shell brand remains a reminder of its enduring presence in this country.
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