Reuters logo
5 months ago
BRIEF-Shell says has signed agreements on the separation of Motiva
March 7, 2017 / 5:29 AM / 5 months ago

BRIEF-Shell says has signed agreements on the separation of Motiva

March 7 (Reuters) - Royal Dutch Shell:

* Signing of binding definitive agreements on the separation of Motiva

* Signing of binding definitive agreements on separation of Motiva

* Shell - balancing payment of $2.2 billion has been agreed between parties, subject to adjustments including for working capital

* Shell - as a result of transaction no material effect is expected on gearing reported on Shell balance sheet

* Shell-Value to be satisfied by combination of SRI assuming more than its 50% share of Motiva's net debt on completion and a cash payment for balance Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below