Shell, Exxon put $8bn UK chemicals JV Infineum up for sale

Shell and ExxonMobil are selling their UK-based chemicals joint venture Infineum, valued at around $8bn, with Bank of America advising. The sale reflects Shell's strategic pivot to core oil and gas operations, and could signal a broader divestment trend in the chemicals sector. The outcome is uncertain, including potential buyers and regulatory approvals.

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