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American activist wants to dismember Major Shell

2021-10-28T17:56:09.103Z


STORY - ThirdPoint believes that it is necessary to separate the activities of renewable energies and gas from hydrocarbons.


To open a scallop, you have to slide the knife between the two shells, cut the muscle that connects the two parts of the shell, then exert pressure on the knife to separate them from one another.

The amateur then discovers a rare culinary treasure.

The American activist Daniel Loeb, head of the ThirdPoint fund, announced Wednesday evening that he wanted to split the Anglo-Dutch hydrocarbon giant Shell into two entities.

In his eyes, it is on this condition that the firm with the yellow shell circled in red would reveal all its wealth to investors.

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To weigh on management, ThirdPoint has taken a position in the capital of its target of $ 750 million, according to the

Financial Times

.

As if this announcement were not enough, Shell disappointed the market Thursday morning with a net profit down more than $ 1 billion from expectations, to $ 4.1 billion.

Competing interests

ThirdPoint campaigns to separate renewable energies,

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Source: lefigaro

All business articles on 2021-10-28

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