Aug 22nd, 2019
by John Donovan.


Matthew Stevens Columnist: 23 August 2019
Shell Australia’s $617 million pitch for electricity trader and generator ERM Powerstands as the most tangible expression yet of the transition mission that the local outpost of the petroleum super major set for itself more than three years ago.
Back in June 2017, in a move that foreshadowed co-ordinated global ambitions in electricity only recently fully enunciated by the legendary mother ship, Shell Australia revealed its strategic hand by establishing an energy trading business in Melbourne. read more
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Aug 22nd, 2019
by John Donovan.


Global oil and gas giant Shell has launched a $617 million takeover offer for Australian energy retailer ERM Power as the multinational seeks to make a foray into the country’s energy retailing market.
Shell is proposing to buy ERM – Australia’s second-largest power retailer to commercial and industrial customers – for $2.465 a share, the two companies announced on Thursday morning.
The offer represents a 43 per cent premium to ERM’s last closing price of $1.72.
Shell’s proposal has gained the backing of ERM’s founder, Trevor St Baker, who holds 27 per cent of the company. Mr St Baker said he intended to vote in favour of the takeover bid “in the absence of a superior proposal”. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.