Financial Times: The Week: “At last they are one. Royal Dutch/Shell shareholders voted to unify their British and Dutch holding companies, shedding a dual structure that critics claimed had contributed to the oil reserves debacle and slowed decision making.”
Saturday 2 July 2005
By Jamie Chisholm
RESOURCES
At last they are one. Royal Dutch/Shell shareholders voted to unify their British and Dutch holding companies, shedding a dual structure that critics claimed had contributed to the oil reserves debacle and slowed decision making.
Royal Dutch Shell, as it will be called after July 20 (in a Tippex-friendly move, the slash disappears) will be incorporated and have its primary listing in London but its head office in The Hague.
The simplified structure will make it easier for Shell to pay for acquisitions by issuing equity: a development not missed by the market, which highlighted BG Group as a target.
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