Interactive Investor: FRANKFURT (AFX) – Royal Dutch/Shell’s planned restructuring should make it easier for the oil company to participate in large-scale mergers…
6 June 2005
Royal Dutch/Shell’s planned restructuring should make it easier for the oil company to participate in large-scale mergers, chief financial officer Peter Voser told Handelsblatt in an interview to appear in tomorrow’s edition.
He said the restructuring will enable the company to use its shares as acquisition currency.
Under Royal Dutch/Shell’s traditional dual board structure, mergers were quite complex, Voser explained.
The planned union, which is subject to shareholder approval at the annual meeting in June, is “on track” for completion in July, Shell said in April.
Voser also said Royal Dutch/Shell was not planning to participate in any major merger at the present time.
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