Advertisement
UK markets open in 4 hours 41 minutes

  • NIKKEI 225

    37,784.42
    +155.94 (+0.41%)
     

  • HANG SENG

    17,547.48
    +262.94 (+1.52%)
     

  • CRUDE OIL

    83.80
    +0.23 (+0.28%)
     

  • GOLD FUTURES

    2,345.00
    +2.50 (+0.11%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • Bitcoin GBP

    51,651.32
    +267.02 (+0.52%)
     

  • CMC Crypto 200

    1,391.11
    +8.53 (+0.62%)
     

  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

PHILIPPINES PRESS-Pilipinas Shell to launch IPO in 2016 - BusinessWorld

Reuters - UK Focus

Pilipinas Shell Petroleum Corp, a unit of Royal Dutch Shell Plc (Xetra: R6C1.DE - news) , will likely conduct its long-delayed IPO next year to comply with a nearly two-decade-old law that requires oil refiners to go public following the deregulation of the industry, BusinessWorld reported, citing Department of Energy officials.

The oil company submitted a letter to the energy department last month indicating its IPO plans, said Melita Obillo, director of the agency's Oil Industry Management Bureau. "It will likely take place after the upgrade of its refinery," Obillo said. (http://bit.ly/1V5OdvJ)

----

NOTE (Stockholm: NOTE.ST - news) : Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila newsroom; Editing by Sunil Nair)