Shell May Earn $1.2B-$1.5B From Africa Asset Sale

Shell May Earn $1.2B-$1.5B From Africa Asset Sale
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Πεμ, 1 Απριλίου 2010 - 17:38
Royal Dutch Shell (RDSB.LN) could earn around $1.2 billion to $1.5 billion from the sale of its oil product distribution businesses in 21 African countries, says NCB Stockbrokers analyst Peter Hutton. However, Shell is unlikely to sell all the assets in a single deal, given the complexity of the portfolio, he says.
Royal Dutch Shell (RDSB.LN) could earn around $1.2 billion to $1.5 billion from the sale of its oil product distribution businesses in 21 African countries, says NCB Stockbrokers analyst Peter Hutton. However, Shell is unlikely to sell all the assets in a single deal, given the complexity of the portfolio, he says. Local companies or possibly Africa focused international companies like Total (TOT) could be among potential buyers, he adds.
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