Shell and 7-Eleven strike store deal

7-Eleven is set to take over the running of Shell's Swedish stores.

Shell and 7-Eleven’s Norwegian owner Reitan have pledged to invest over 600 million kronor for the development of 269 petrol stations in the Nordic regions.

“By cooperating we will each be able to focus on what we do best: petrol and fuel for Shell, and for us developing service station stores through our 7-Eleven concept,” Johannes Sangnes, Reitan’s Swedish CEO told news agency TT.

The new ten-year contract means that 7-Eleven’s Swedish operation will swell from 77 stores, most of which are located in the major cities, to 189 stores nationwide.