Markets

Shell says Philippines unit preparing for stock market listing

Published June 15, 2016 Updated June 15, 2016 05:39pm

1 min

By Shoaib Ur Rehman

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LONDON: Oil major Royal Dutch Shell said on Wednesday its subsidiary in the Philippines, Pilipinas Shell Petroleum Corporation (PSPC), is in the process of preparing an initial public offering (IPO) of its shares.

PSPC has hired BPI Capital Corp and JP Morgan for the process, IFR, a Thomson Reuters publication, reported earlier this month.

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