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Shell break-up would not work in real life, says CFO -Breaking


© Reuters. FILEPHOTO: Jessica Uhl (CFO) and Ben van Beurden (CEO), speak before the Shell annual general meeting in Scheveningen on May 21, 2019. REUTERS/Piroschka van de Wouw

LONDON, (Reuters) – While splitting up Royal Dutch Shell Oil (LON) might make it financially attractive, Jessica Uhl from finance said that in practice this would be impossible.

Third Point, an activist hedge fund that has a significant stake in Shell’s stock, called on Wednesday for Shell to break up into several companies. This would increase the company’s performance and market share.

Shell CEO Ben van Beurden stated to reporters that Shell’s strategy was coherent and understood well by the majority of shareholders.

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