abrdn says breaking up Shell could destroy benefits of fossil giant's integrated business model - reports

Fund manager rejects call to break up Shell

A leading investor in Royal Dutch Shell, abrdn has rejected calls to split up the fossil fuel giant, the FT reported.

One of Shell's biggest stakeholders abrdn said splitting the oil major into separate companies would be too complicated and unlikely to add long-term value for investors. According to the FT, abrdn fund manager Ian Pyle said splitting up Shell - as proposed by activist hedge fund Third Point - could destroy the benefits of Shell's integrated business model. "People are fully aware of how difficult it would be to break up Shell," said Pyle. "Just because Third Point says it makes compelling financial logic does not mean it will happen." Activist hedge fund Third Point calls for brea...