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