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Posts on ‘August 20th, 2016’

Shell looks to divest NZ assets

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Screen Shot 2016-07-29 at 16.46.22By Simon Hartley

Shell is preparing to sell all or some of its New Zealand operations, which carry an estimated value of more than $1 billion.break

Following inquiries by the ODT, Shell New Zealand country chairman Rob Jager confirmed speculation this week that investment bank giant JPMorgan had been appointed to support any sales process.

“Shell continues to explore a range of options for some or all of Shell’s assets in New Zealand. JP Morgan has been appointed to support this process,” Mr Jager said in a brief note, being unavailable for an interview. read more

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