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St1 to launch an aviation fuel JV with Shell

( January 27, 2015, 16:00 GMT | Official Statement) -- MLex Summary: Finnish energy company St1 announced buying the share capital of Norwegian marketing company Smart Fuels from Shell Exploration and Production. St1 said that it will also create a new company, which will be formed jointly with Shell, to handle Smart Fuel's aviation refuelling operations.The transaction is subject to regulatory approval and St1 expects to close it during the latter half of 2015.Full statement follows:...

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