[에너지신문] 07 March 2016 - Shell is considering delaying the planned initial public offering (IPO) of its Philippines subsidiary Pilipinas Shell, initially expected in 2016, due to volatile market.


Pilipinas Shell operates the Tabango refinery and raised its processing capacity from 96,000 bbl/d to 110,000 bbl/d in December 2015. The company made profits in 2015, after having posted US$181m of losses in 2014.

Shell is required to offer at least 10% of its equity to the public under a 20-year old local law. Shell still plans to launch the IPO in the second half of 2016 and could even sell more than 10%.

http://www.enerdata.net/enerdatauk/press-and-publication/energy-news-001/shell-may-delay-ipo-its-philippines-subsidiary_36356.html
 

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