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Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc (“Shell”), has completed the previously announced sale of its 16.125% interest in Colonial Enterprises, Inc. (“Colonial”) to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners (collectively, “Brookfield”).
The divestment reflects Shell’s focus on performance, discipline and simplification and enables the company to concentrate on areas where it has scale and competitive advantage.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
