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Poland’s Unimot has emerged as one of the possible buyers of a 37.5% stake Shell owns (NYSE:SHEL) in Germany’s PCK Schwedt refinery, the country’s fourth largest refinery and supplier of 90% of Berlin’s fuel, Reuters reported Monday, without specifying a potential price for the stake.
The refinery, majority-owned by Russia’s Rosneft (OTC:RNFTF), has been a problem for the German government since ending its energy ties with Russia last year, which led to Germany to put Rosneft’s 54.17% stake under trusteeship, prompting Shell (SHEL) to seek a sale of its stake.
Germany also is no longer considering Kazakhstan’s KazMunayGas as a possible buyer of the stake as it cannot guarantee the necessary stability for Schwedt, according to the report.
