EnergyWatch

Danish CEO pulls out of role in takeover of Shell refinery

The takeover of a Shell refinery in northern Denmark has not yet been finalized, and now the CEO has pulled out. (Correction: This article was accidentally published Wednesday, December 20, 2017. The original article was published on the Danish version of EnergyWatch August 17, 2017. EnergyWatch apologizes for the error.)

Photo: /ritzau/Preben Kirkholt

Sept. 15 last year, Shell managed to sell its refinery in northern Denmark. The buyer was Danish businessman Tommy Frank via his newly-established oil company Dansk Olieselskab (Danish Oil Company) which put up approximately DKK 530 million (EUR 71 million) for the plant and several connected activities.

Now, the deal has still not been finalized, the intended CEO Lars Clausen has pulled out and the investors behind the deal are still unknown, reports Danish media Børsen.

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