Shell To Divest 51% Of Shell Marketing Oman
Royal Dutch Shell confirmed that it will dispose of a 51% stake in ShellMarketing Oman in July. Forty percent of the firm (10mn shares) will be offered on theMuscat Securities Market (MSM) at OR4.9 per share in an initial public offering worth atotal of $127.6mn and 11% will go to existing Omani shareholders. Shell will retain a 49%interest and half of the seats on the board. The size of the stake to be disposed of is...