Shell (SHEL) said Monday it agreed to sell Jiffy Lube International and its Premium Velocity Auto subsidiary to an affiliate of private equity firm Monomoy Capital Partners for $1.3B, as the ...
Shell said the divestment allows it to monetize an asset that isn’t central to its lubricants portfolio in the U.S. and reinvest in higher-return opportunities.
March 9 (Reuters) - Shell said on Monday it will sell its Jiffy Lube lubricant shop chain to an affiliate of private equity ...
Shell is selling Jiffy Lube and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion as part of its focus on higher-return businesses.
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