By Jaime Llinares Taboada
Royal Dutch Shell PLC said Tuesday that it has agreed to acquire 248 fuel and convenience company-owned retail sites in the U.S.
The seller is Landmark Group, whose stores operate in Texas under the Timewise brand. The deal includes supply agreements with a further 117 independent sites.
"Today's announcement increases our presence in a core market and shows our growth strategy in action," Shell's downstream director Huibert Vigeveno said.
The Anglo-Dutch energy company said the transaction falls within its 2021 capital expenditure budget of below $22 billion.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
10-26-21 1254ET