Royal Dutch Shell considering IPO of upstream biz

Royal Dutch Shell considering IPO of upstream biz
25/05/2016 13:02

Anglo-Dutch multinational oil and gas company, Royal Dutch Shell, is considering the sale of its non-core assets within its upstream business worth USD 40 billion via an IPO. The IPO is likely to improve Shell’s cash position and enable it to focus on its cash priorities such as debt reduction. A final decision regarding an initial public offering is expected within a year, said the media report.