Activist investor Third Point continues to push for Shell to restructure

Activist hedge fund Third Point LLC has told clients it has increased its stake in Shell PLC and is still pushing the oil giant to restructure, six months after calling for the company to be dissolved.

Daniel LoebThe New York-based hedge fund took a $750 million stake in Shell last year from the third quarter and called for it to spin off into several companies, one focused on legacy businesses such as the refining of fossil fuels and another on renewable and liquefied energies. natural gas.


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