Shell head office raises prospect of full exit from NZ

Wed, 09 Dec 2015

By Pattrick Smellie Dec. 10 (BusinessDesk) - Multi-national oil company Royal Dutch Shell is putting its New Zealand assets up for strategic review as part of a global strategy to become "a simpler, more profitable and resilient company." While Shell New Zealand chairman Rob Jager was at pains to say there was no decision to sell out of New Zealand, he acknowledged that the Dutch head office had talked in terms of a global divestment programme that could take up to three years. Shell has operated in New Zealand for more than century an...

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