Magn was established in 1925, when Christian Holm Jacobsen began selling oil from Shell in the Faroe Islands. Christian Holm Jacobsen operated until 1953, when the company was bought by Shell and named Shell Faroe Islands. Shell Faroe Islands was an independent entity within the Shell Group until 2007, when investors bought the company out of the Shell group and named it Magn. Magn still handles the sales of all Shell lubricants in the Faroe Islands.

Number of employees 155
Annual turnover 1.493 MILL DKK

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