“Malaysia is important to Shell. We remain committed to the mobility business in the country,” the company said in a brief media statement.had reported the news of the sale, citing four unnamed industry personnel familiar with the matter as its sources. Talks were reportedly said to have begun in late 2023, with the indication being that the deal may be finalised in the coming months. Sources briefed on the matter said the deal could be worth up to four to five billion ringgit.
With around 950 stations across Malaysia, Shell has the second-largest fuel retail network in the country after Petronas, which operates a larger network. The company also has a small presence in the electric vehiicle charging domain, through its Shell Recharge DC and AC electric vehicle charging network and ParkEasy, which it now owns.
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