COMPANY NEWS: Shell optimizing portfolio while spurning merger talk

09/04/2000
Royal Dutch Shell and several international subsidiaries have announced projects designed to optimize the company's worldwide portfolio. These include the acquisition of New Zealand's biggest petroleum company, stalling a mandated initial public offering in the Philippines, and decreasing holdings in Kazakhstan. The current company plans do not include a major merger with European or US companies, however, according to the company's chairman. "A merger in Europe or the USA is difficult for us," said Royal Dutch/Shell Group Chairman Mark Moody-Stuart in a recent interview with German newspaper Welt am Sonntag. "The competition watchdogs would have a number of objections."But we...
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