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Shell says break-up of group would not work in real life

REUTERS

Shell says break-up of group would not work in real life

  • Activist shareholder Loeb called for break-up of Shell
  • Investors question whether split would work
  • New climate target is absolute, not intensity-based

LONDON, Oct 28 (Reuters) – Royal Dutch Shell (RDSa.L) hit back on Thursday against an activist fund’s call for the company to break up, with top executives saying its businesses operate better together than apart.

Reporting by Shadia Nasralla; additional reporting by Svea Herbst Bayliss and Simon Jessop; Editing by David Gaffen, Jason Neely, Mark Potter, Barbara Lewis, Christina Fincher and Marguerita Choy
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