Shell says break-up of group would not work in real life

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Reuters

By Shadia Nasralla LONDON (Reuters) – Royal Dutch Shell hit back on Thursday against an activist fund’s call for the company to break up, with top executives saying its businesses operate better together than apart. Hedge fund Third Point, which has built a large stake in Shell, on Wednesday called for the oil major to split into multiple companies to improve its performance. The push was the latest broadside against global oil and gas giants, who have faced calls from governments and climate-conscious investors to shift to renewable energy while still meeting current high levels of fossil fue…

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