

Shell, which openly lobbied for the Dutch dividend tax cut, could make significant cost savings if it were to scrap its dual share structure. While the oil price remains low, such a move could be well received. But Shell is also one of the biggest dividend payers in the UK. If it did shift its listing to Euronext, the implications would be enormous for domestic pension funds and investors — not to mention hugely symbolic as the Brexit negotiations roll on. FULL ARTICLE

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