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Financial Times: Shell merger skews investment figures

By Scheherazade Daneshkhu
Published: December 13 2006 02:00 | Last updated: December 13 2006 02:00

Foreign direct investment more than trebled last year to a record high. But the official figures were distorted by Shell’s corporate restructuring, which contributed two-thirds of the rise.

Net direct investment inflows jumped to £106.5bn, up from £30.6bn in 2004 and the highest since records began in 1984, according to the Office for National Statistics. Of the £76bn increase, about £50bn was due to the merger between Shell Transport and Trading and Royal Dutch Petroleum into Royal Dutch Shell. The complicated restructuring to create a single parent company gave the parent headquarters and tax residency in the Netherlands but incorporation in the UK.

Scheherazade Daneshkhu

Copyright The Financial Times Limited 2006

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