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LONDON: Anglo-Dutch energy giant Shell said Monday it agreed to sell most of its African downstream activities to Swiss group Vitol and Africa-based Helios Investment Partners for $1 billion (740 million euros).

"Shell today announced it has agreed to divest the majority of its shareholding in most of its downstream businesses in Africa to Vitol and Helio.

Copyright AFP (Agence France-Presse), 2011

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