Shell to firm up IPO plans by 3rd quarter

In an interview, Mr. Chua said they were targeting to come up with a more concrete initial public offering (IPO) plan pursuant to the 1998 Oil Deregulation Act.

“We are doing a number of reviews, there will be something more concrete by the third quarter,” he said on the sidelines of a Management Association of the Philippines event in Makati. Earlier, Shell said its plan to go public still depended on a study it was undertaking about its local refinery operations.

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