| Shell paid $6M less than market value for Horsehead site | |
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MONACA, Pa. (AP) -- Shell Chemicals paid approximately $6 million less than computed fair market value for the former Horsehead Corp. property where a petrochemical plant may be built, a county official says. Shell paid $13.5 million for the former zinc smelter site along Route 18 in Potter Township, the Beaver County Times reported (http://bit.ly/1TACk0Y ) Thursday. The computed fair market value of the property is $19.6 million, said Janice Beall, Beaver County recorder of deeds. Horsehead Corp. Senior Vice President Ali Alavi said Shell paid just under $17,000 per acre for the 797-acre site, which is "generally in the range of what an industrial property would go for." Jack Manning, chairman of the Beaver County Chamber of Commerce economic development task force, said the sale price reflects that demolition and remediation have been ongoing at the site since 2014. "I imagine that, after 60 or 70 years of a zinc smelter at that location, there was probably some very significant remediation that had to take place, and that lowered the cost somewhat," Manning said. |
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Royal Dutch Shell
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CODE : RDSA.AS |
ISIN : US7802592060 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Royal Dutch Shell is a oil producing company based in Netherlands. Royal Dutch Shell is listed in Germany, in Netherlands, in United Kingdom and in United States of America. Its market capitalisation is €UR 187.4 billions as of today (US$ 214.0 billions, € 191.9 billions). Its stock quote reached its highest recent level on May 24, 2018 at €UR 31.38, and its lowest recent point on October 30, 2020 at €UR 10.10. Royal Dutch Shell has 8 222 179 840 shares outstanding. |