Who Is Shell’s Newest Stakeholder?
Royal Dutch Shell plc (NYSE:RDSA) has a new investor.
Qatar’s sovereign wealth fund plans to buy a 3 to 5 percent stake in the oil and gas company, according to a Reuters report.
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Shell welcomed its new investor in a statement saying, “We are delighted to welcome the Qatar Investment Authority as a long term and major shareholder in Shell, and particularly given our excellent strategic relationship with the Qatari state.”
Shares of Shell were relatively flat during midday trading on Friday.