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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