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New York Times: Court Approves Unification of Shell Group

FROM OUR JULY 2005 SHELL NEWS ARCHIVE

New York Times: Court Approves Unification of Shell Group

“The restructuring came amid a scandal over Shell’s restatement of its oil and gas reserves. In February the company announced the fifth restatement in just over a year. In all, reserves have been cut by 6.85 billion barrels to 11.9 billion barrels at the end of 2004.”

Tuesday 19 July 2005

By THE ASSOCIATED PRESS

THE HAGUE, Netherlands (AP) — A British court on Tuesday approved the unification of the Royal Dutch/Shell Group of Cos. into one corporation in time for the start of trading a day later.

Shell declared its public exchange offer for all ordinary shares of Royal Dutch unconditional, with nearly 92 percent of outstanding shares in the Dutch arm having been tendered. Stock in the joint company will be traded beginning Wednesday morning in London and Amsterdam as Royal Dutch Shell PLC. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Channel 4 News: ‘New Shell’ shares slump

ITN Channel 4 News: ‘New Shell’ shares slump

“Shares in newly unified oil giant Royal Dutch Shell suffered a stock market pasting on their first day of trading.”

Wednesday 20 July 2005

Last Modified: 20 Jul 2005

Shares in newly unified oil giant Royal Dutch Shell suffered a stock market pasting on their first day of trading.

Shell B shares, which originate from its former UK parent, opened higher but fell to close at 1805p, down 31p on the day.

Shell A shares, which originate from the Dutch side of the business, declined by 58p lower at 1766.5p.

The merger sees Royal Dutch Petroleum, which has its headquarters in the Hague, join forces with London-based Shell Transport & Transport. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

FORBES: Court Expected to OK Unification of Shell

FORBES: Court Expected to OK Unification of Shell

“A British court was expected Tuesday to approve the unification of the Royal Dutch/Shell Group of Cos. into one corporation in time for the start of trading a day later.”

Tuesday 19 July 2005

A British court was expected Tuesday to approve the unification of the Royal Dutch/Shell Group of Cos. into one corporation in time for the start of trading a day later.

Shell declared its public exchange offer for all ordinary shares of Royal Dutch unconditional, with nearly 92 percent of outstanding shares in the Dutch arm having been tendered. Stock in the joint company will be traded beginning Wednesday morning in London and Amsterdam as Royal Dutch Shell PLC.

Assets of the oil giant are currently split 60-40 between Royal Dutch Petroleum, based in The Hague, Netherlands, and the London-based Shell Transport & Trading Co. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch/Shell merger declared unconditional

Reuters: UPDATE 2-Royal Dutch/Shell merger declared unconditional: “The merger is aimed at restoring confidence in Shell, after a damaging reserves-overbooking scandal last year…”

Tuesday 19 July 2005

By Karl Hanuska and Tom Bergin

AMSTERDAM/LONDON, July 19 (Reuters) – Royal Dutch/Shell Group (RD.AS: Quote, Profile, Research)(SHEL.L: Quote, Profile, Research) has cleared the final hurdle in the planned merger of its Dutch and UK holding companies, after Royal Dutch shareholders pledged their shares to the deal.

The world’s third-largest oil group by market capitalisation said on Tuesday that 91.69 percent of shares in Royal Dutch, which owns 60 percent of the dual-headed group, had been tendered for exchange into shares in the unified firm. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

New York Times: Court Approves Unification of Shell Group

New York Times: Court Approves Unification of Shell Group

“The restructuring came amid a scandal over Shell’s restatement of its oil and gas reserves. In February the company announced the fifth restatement in just over a year. In all, reserves have been cut by 6.85 billion barrels to 11.9 billion barrels at the end of 2004.”

Tuesday 19 July 2005

By THE ASSOCIATED PRESS

THE HAGUE, Netherlands (AP) — A British court on Tuesday approved the unification of the Royal Dutch/Shell Group of Cos. into one corporation in time for the start of trading a day later.

Shell declared its public exchange offer for all ordinary shares of Royal Dutch unconditional, with nearly 92 percent of outstanding shares in the Dutch arm having been tendered. Stock in the joint company will be traded beginning Wednesday morning in London and Amsterdam as Royal Dutch Shell PLC. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Sells Distrigas, Fluxys Stake

THE WALL STREET JOURNAL: Shell Sells Distrigas, Fluxys Stake

“Shell Transport reported Tuesday that Belgian Shell has agreed to the sale of its 16.67% interest in each Distrigas SA, the Belgian gas wholesale company, and Fluxys SA, the Belgian gas transmission company…”

DOW JONES NEWSWIRES

Posted 8 Sept 04

Edited Press Release

LONDON (Dow Jones)–Shell Transport reported Tuesday that Belgian Shell has agreed to the sale of its 16.67% interest in each Distrigas SA, the Belgian gas wholesale company, and Fluxys SA, the Belgian gas transmission company to Suez-Tractebel, the utility group. The prices agreed for the transaction are EUR1,648/share for the shares held in Distrigas and EUR1,600/share for the shares held in Fluxys, in line with share price levels in the recent past. The overall value of the transaction amounts to EUR380.4 million. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell’s Belgian Unit Sells Utilities

Forbes: Shell’s Belgian Unit Sells Utilities

Associated Press

Posted 8 Sept 04

Shell Transport and Trading Co. said Tuesday that its Belgian unit is selling its interest in two utilities to Suez Tractebel S.A. for about 380.4 million euros, or about $459.7 million.

Belgian Shell is selling its 16.67 percent interest in Distrigaz SA, a Belgian gas wholesale company, and its former unit Fluxys SA, a gas transmission company.

Suez Tractebel, Belgium’s largest utility holding company, agreed to pay 1648 euros ($1,991) per share for Distrigaz and 1600 euros ($1,933) per share for Fluxys, Shell said. Distrigaz last traded at 1,900 euros per share on the Brussels Stock Exchange while Fluxys traded at 1,757.50 euros per share. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Transport And Trading Buys Back 2M Shares

The Wall Street Journal: Shell Transport And Trading Buys Back 2M Shares read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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