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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