Royal Dutch Shell Group .com

TheDeal.com: Shell gets U.S. antitrust nod: U.S. antitrust enforcers on Tuesday, Dec. 28, said they would not oppose a plan by oil major Royal Dutch/Shell Group to move to a unified corporate structure from a century-old dual-ownership system. (ShellNews.net) Posted 29 Dec 04

 

Reuters

 

U.S. antitrust enforcers on Tuesday, Dec. 28, said they would not oppose a plan by oil major Royal Dutch/Shell Group to move to a unified corporate structure from a century-old dual-ownership system.

 

Antitrust authorities concluded their review of the new structure, announced in October, without taking any action to block it, the U.S. Federal Trade Commission said.

 

The decision to formally merge the group's Dutch and British parent companies under a single board and chief executive follows pressure from investors who criticized the old structure for hindering transparency and accountability.

 

Shell is currently 60-percent owned by the Royal Dutch Petroleum Company and 40 percent by the Shell Transport and Trading Company. Executives of the operating group are drawn from the boards of each holding company.

 

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