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Shell Halts Schwedt Refinery Sale

Shell has ended negotiations to sell its stake in Germany's Schwedt refinery to Poland's Unimot. The discussions, which began in 2023, concluded months ago following earlier advanced talks.

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A general view of the PCK refinery, a crude oil processing facility supplying gasoline, jet fuel, diesel and fuel oil, in Schwedt/Oder, Germany, August 26, 2026. REUTERS/Axel Schmidt

SHELL PLC has terminated negotiations to sell its 37.5% stake in the PCK Schwedt refinery to UNIMOT SA, abandoning a transaction that began in 2023. Bloomberg News reported the development on Thursday, citing people familiar with the matter. The breakdown leaves the future of the strategic facility in Germany unresolved.
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