Shell USA, Inc., through its subsidiaries Shell Pipeline Company LP and Triton West LLC, has entered into an agreement to sell its 100% stake in the Sinco pipeline system and Colex terminal to Edgewater Midstream LLC. This strategic divestment is part of Shell’s broader effort to simplify its portfolio and focus on projects that align […]
Shell’s subsidiary Shell USA has closed the previously announced $169 million acquisition of Volta Inc., an electric vehicle (EV) charging and media company. The all-cash deal was announced in January 2023. It was wrapped up after receipt of the required regulatory clearances and approval from Volta’s shareholders. Volta offers Shell a public charging network with […]
Shell USA, a subsidiary of Shell plc, will acquire Volta, an American electric vehicle (EV) infrastructure company listed on the New York Stock Exchange (NYSE), for around $169 million in cash to unlock long-term growth opportunities in EV charging. Under the merger agreement, Shell will own Volta’s dual charging and media network. The latter’s shareholders […]