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SHEL Shell Plc

2,560.50
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:SHEL London Ordinary Share GB00BP6MXD84 ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2,560.50 2,561.50 2,562.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 316.62B 19.36B 2.9804 8.59 166.39B

Shell Midstream Partners Launch IPO in New York

20/10/2014 2:00pm

Dow Jones News


Shell (LSE:SHEL)
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LONDON--Shell Midstream Partners, a limited partnership formed by Anglo-Dutch Oil giant Royal Dutch Shell PLC (RDSB.LN), Monday launched an initial public offering of 37.5 million common units in New York.

The partnership was formed to own, operate, develop and buy pipelines and other midstream assets.

The units being offered represent a 27.2% limited partner interest in Shell Midstream Partners, or 31.3% if the underwriters exercise in full their option to buy additional common units. Royal Dutch Shell, through certain subsidiaries, will own the remaining limited partner interest in Shell Midstream Partners, as well as its 2.0% general partner interest.

The underwriters have a 30-day option to buy an extra 5.63 million common units in Shell Midstream

Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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