Financial Times: Shell shock
“Italian investors holding nearly €1bn worth of Royal Dutch and Shell Transport shares will be unable to take part in the oil major’s ground-breaking corporate unification by exchanging their current holdings into new Royal Dutch Shell shares.”
Thursday 14 July 2005
By Paul Betts
Published: July 14 2005
So much for the Schengen border-free zone and European financial harmonisation. Regulatory hurdles are blocking investors domiciled not only in the US, Japan and New Zealand, but also in Italy, from participating in one of the year’s biggest share offers.
Italian investors holding nearly €1bn worth of Royal Dutch and Shell Transport shares will be unable to take part in the oil major’s ground-breaking corporate unification by exchanging their current holdings into new Royal Dutch Shell shares.