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Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessDivestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! (543 Views)

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Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! by Janicex(op): 10:14pm On Jul 31, 2021
In major divestment push, Royal Dutch Shell has engaged Standard Chartered to sell its Shell Petroleum Development Company of Nigeria Limited (SPDC), a major divestment of its Nigerian assets following the issuance of sale documents earlier in the week with the expressions of interest (EOIs) due by September 10.

Sources told Arise News that the vendor is asking for non-binding offers in the subsequent second phase.

A medium quoted sources to have said that Shell is selling its Nigerian business because it no longer views its activities in the Nigeria as core to its ongoing strategy, which is driven by the Environmental, Social, and Governance, and security pressure from its investors.
https://hallmarknews.com/57109-2/

Re: Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! by nairalandankrah: 10:26pm On Jul 31, 2021
Britain don dey sell their properties commot from zoo grin grin..
Zoo bridge is falling down grin
Re: Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! by Seerade029: 10:28pm On Jul 31, 2021
nairalandankrah:
Britain don dey sell their properties commot from zoo grin grin..
Zoo bridge is falling down grin
We don cast tey tey grin
Re: Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! by velocity25(m): 10:38pm On Jul 31, 2021
It's no longer London bridge is falling down,dark area is falling down.
Things fall apart and the center cannot hold.
Land of Rising Sun is in the horizon.

Re: Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! by Coldie: 10:44pm On Jul 31, 2021
Who cares, Asif they were doing us any favours before, shell bye bye.
Re: Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! by SavageResponse(m):
Coldie:
Who cares, Asif they were doing us any favours before, shell bye bye.
That's what the people in Warri said when Shell was leaving.

Go and check Warri now everywhere including the airport is now like a ghost town; the money that used to pass through the city has reduced to a trickle!
Re: Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! by Shokoloko(f): 5:10am On Aug 01, 2021
SavageResponse:
That's what the people is Warri said when Shell was leaving.

Go and check Warri now everywhere including the airport is now like a ghost town; the money that used to pass through the city has slowed down to a trickle!
Totally correct
Re: Divestment: Britain's Shell petroleum puts up Nigeria SPDC for sale! by nairalandankrah: 4:29pm On Aug 01, 2021
Lol
1 Reply

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