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Shell Explores Sale of Chemicals Assets in U.S. and Europe
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Shell is exploring a potential sale of its chemicals assets in Europe and the U.S., according to people familiar with the matter, part of a continuing drive to refocus the company’s business on its most profitable operations. The oil and natural-gas company is working with bankers at Morgan Stanley on a strategic review of its chemicals operations, the people said. The process is in the early stages and Shell has yet to commit to any final decisions, they added.
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