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Shell's plan to move HQ to London gets Dutch backlash

With a market valuation of more than £125bn, Shell's move to pick Britain as its sole home is seen in Westminster as a post-Brexit coup after it emerged earlier this year that Amsterdam had overtaken London as Europe's largest share trading centre, a largely symbolic blow.

The move to simplify the share structure comes after the US hedge fund Third Point, led by the Wall Street investor Daniel Loeb, took a stake in the company and started pushing for changes, including a potential breakup. Third Point had accused Shell of having "an incoherent, conflicting set of strategies attempting to appease multiple interests but satisfying none".

'Sapere aude'
by Oui (Oui) on Tue Nov 16th, 2021 at 04:37:33 AM EST
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