LSE:SHELOil and Gas
Shell Sprng Energy Sale Puts Renewables Mix And Valuation In Focus
Shell is moving ahead with a potential sale of Sprng Energy, its renewable energy platform.
Several large investors, including Aditya Birla Group, NIIF, KKR, and Sembcorp, are reportedly shortlisted as bidders.
The deal is being watched as one of the larger renewable energy M&A processes currently in the market.
Shell (LSE:SHEL), trading around £28.23, is a major integrated energy company with a sizeable presence in oil, gas, and renewables. Over the past 5 years, the stock has returned...