In recent weeks, the Oil group Shell has been discussing more seriously with its advisers about feasibility And the advantages of taking over, as stated in the report, adding that the final decision will probably depend on whether the rival's actions will continue to fall.
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For several years, BP and Shell have been almost equal, but in the last few years Shell has grown and is more than twice as large as BP. The market value of the Dutch-British group is now about 149 billion pounds (about PLN 750 billion).
CEO of Shell, Wael Savan, in an interview with the “Financial Times” was asked about the possible offer to take over BP. Savan admitted that he would rather buy more Shell shares.
Asked during a conversation about the financial results about Shell's ability to conduct significant acquisitions, he said “”We need to organize our own home “and we have” more to do “despite progress in the last few years.
Megafusion on the fuel market on the horizon?
Under the pressure of improving profitability and cost cutting, the head of Bishop Murray Auchincloss announced plans for selling assets worth $ 20 billion. by 2027, restrictions on expenditure and purchase of shares. The company also announced the departure of its head for strategy, trying to rebuild investors' trust.
The takeover of the London rival would make Shell to become an even greater force in the global energy industrygiving him a scale to compete with such concerns as Exxon and Chevron. The fusion would probably also require regulatory control, taking into account the size of the transaction.
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Shell presented this week a report in which good results were informed for the first quarter. It was presented that they exceeded the expectations of profits, And the company launched a purchase of own shares worth $ 3.5 billion.
The sources of Bloomberg News have reported that Shell can also wait for BP to contact him or another competitor will make his first move, and his current work can help him prepare for such a scenario.
The considerations are at an early stage, and Shell can decide on buying shares and takeover, not at megaphusia – Added in a report that cites Reuters.
