Shell exploring stake sale in renewable power unit - report

Shell is reportedly exploring options for its global renewable power operations, including a potential stake sale to outside investors.

Bloomberg cited people with knowledge of the matter as saying that the oil giant is working with advisers to study a range of possibilities that could also include separating the business into a more independent unit.

It was understood that Shell has approached a number of international investors to gauge their interest in buying a stake.

Sources said discussions are still at an early stage, and there’s no certainty they will lead to a deal.

Shell may also consider introducing outside investors into some other operations such as its downstream assets, Bloomberg reported.