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Home > Media > Media releases

Essar Energy enters exclusivity agreement and offers US$350 million for Stanlow refinery

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February 18, 2011 Bookmark and Share  
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Essar Energy plc (“Essar Energy” or the “Company”) [LSE: ESSR], the India-focused integrated energy company, today announced that it has entered into an exclusivity agreement with Shell UK Limited ("Shell") in relation to the proposed purchase by Essar Energy (through its indirect wholly owned subsidiary) of the oil refinery and other associated assets at Stanlow, near Ellesmere Port, Cheshire (“Stanlow Refinery”) from Shell for a consideration of US$350 million (£219 million) in cash (the “Acquisition”).

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