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Loeb Calls For Break-up of Shell: London Times

The Anglo-Dutch energy giant should be split into at least two businesses, corporate raiding company Third Point argues


A Shell logo on a vehicle during a launch event for a hydrogen electrolysis plant at the company's refinery in Wesseling, near Cologne. Photo: Reuters

US corporate raider Daniel Loeb has amassed a large stake in Royal Dutch Shell and called for a break-up of the global energy major, The Times in London reported.

Third Point, Loeb’s investment vehicle, accused Shell of attempting to “do it all” amid conflicting demands for the Anglo-Dutch group to invest in renewable energy while capitalising on its legacy oil and gas assets. Shell should be split into at least two businesses, Third Point argued.

Read the full report: The Times

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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