Shell (SHEL) has renewed efforts to sell its 37.5% stake in Germany's PCK Schwedt oil refinery as it seeks to exit an asset linked to Russia-related sanctions, Reuters reported Tuesday, citing three sources familiar with the matter.

Shell has opened a data room for potential buyers and is seeking offers by January-end, roughly a year after a prior attempt to sell the stake to Prax Group fell through, sources reportedly said.

A Shell spokesperson declined to comment to MT Newswires.

Shell shares fell 2.1% in recent Tuesday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 70.71, Change: -1.52, Percent Change: -2.10