Shell exits U.S. quick-lube retail business with sale of Jiffy Lube

 Shell has agreed to sell Jiffy Lube International (JLI) and its subsidiary Premium Velocity Auto (PVA) to an affiliate of Monomoy Capital Partners for USD 1.3 billion, marking the exit of the world’s largest lubricants company by volume from the U.S. quick-lube retail services…

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