Royal Dutch Shell PLC has terminated the proposed $80-million sale of its Danish subsidiary AS Dansk Shell to Dansk Olieselskab APS ( OGJ Online, Sept. 15, 2016 ). The deal, under which Dansk Olieselskab was to acquire the 70,000-b/d Fredericia refinery as well as Dansk Shell's local trading and supply activities—including its long-term agreements to buy refinery feedstocks and sell finished products—will not be completed, Shell said on Jan. 2. Dansk Shell, including the refinery and local trading and supply activities, will remain under Shell's ownership and continue business as usual, according to the company. Despite best attempts by Shell and Dansk Olieselskab to make the deal work, the parties could not meet terms and conditions of the sale agreement, Shell said.