ROYAL Dutch Shell, weekend,
confirmed plans to sell over 16 assets each worth more than $500 million. Though
the report had no mention of what location or country which its assets is up
for sale, but explained that the move is part of its vast $30 billion
three-year asset sales programme. According to Reuters, its head of upstream
Andy Brown, who made this disclosure at the Oil and Money conference in
London said, “There are 16 assets currently
in the market that are above $500 million in value.” It will be recalled that
the Anglo-Dutch Company, had earlier this year, launched the programme to
reduce its debt following the acquisition of BG Group. Uncertainty over future
oil price has led to a sharp slowdown in deal making in the sector in recent
years.
Read more at:
http://www.vanguardngr.com/2016/10/shell-confirms-sale-16-assets-worth-500m/
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