Shell Explores Selling Stake in Renewable Power Unit
- Company is gauging investor interest in renewable-power unit
- New CEO Wael Sawan is looking for any lever to boost value
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Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said.
The UK energy giant is working with advisers to study a range of possibilities that could also include separating the business into a more independent unit, the people said. It’s approached a number of international investors to gauge their interest in buying a stake, according to the people, who asked not to be identified because the information is private.