LSE:SHELOil and Gas
Shell Talks Sprng Sale As Investors Weigh Core Oil Focus And Value
Shell is in exclusive talks to sell Sprng Energy, a 5GW Indian renewables platform.
Aditya Birla Group and KKR are understood to be the leading bidders in the process.
The potential sale follows shareholder pressure for Shell to concentrate more on its core oil and gas operations.
Shell (LSE:SHEL) is exploring a possible exit from Indian renewables at a time when its share price stands at £31.485. The stock is up 14.1% year to date and 31.0% over the past year, and has gained 47.0% over...