Reuters was first to report that Royal Dutch Shell’s chief executive, Ben van Beurden, has told investors that Britain’s decision to exit the European Union could slow its $30 billion asset sale plan, especially in the North Sea which had struggled to attract buyers for years. The comment came as Shell mandated Bank of America Merrill Lynch to find buyers for several key assets in the North Sea, including its stake in the lucrative Buzzard oilfield, hoping the sale would raise at least $2 billion.
Reuters first with Shell CEO’s warning that Brexit could slow asset sale plan
08 July 2016, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe / Middle East / Africa