Monday, May 16 2016 07:18 IPO should yield tens of billions.
Royal Dutch Shell is considering non-core split with a value of $ 40 billion through an IPO, to make quite so debt build and keep its dividend policy to date. So wrote the British newspaper Sunday Telegraph Sunday, after the oil giant would have discussed the plan last week with a group of analysts.
Chief Financial Officer Simon Henry, Shell stated the newspaper facing the analysts that such a plan “emphatically on the agenda “state.
Following the recently completed acquisition of BG Group, Shell wants the next three years to $ 30 billion sell possessions. Henry noting that no primary reasons not to investigate an IPO if it appears that make this the best way to capitalize on the assets.
In 2014 and 2015, Shell sold for more than $ 20 billion possessions.
an IPO of an element is by no unknown territory for Shell. 2014 brought the British-Dutch oil giant Shell already Midstream Partners, which operates in America with pipelines to the New York Stock Exchange.
The share of Royal Dutch Shell ended Friday narrowly higher at 22.19 euros.
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(END) Dow Jones Newswires
May 16, 2016 01:18 ET (05:18 GMT)
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