The Rising Influence of Rising Affluence

[DewDiligence]

Shell plans to retain a majority stake in the planned midstream MLP—i.e. Shell will IPO shares of the MLP but it will remain the general partner and will not distribute MLP shares to existing Shell shareholders:

http://online.wsj.com/articles/shell-midstream-applies-for-u-s-ipo-1403089997

Shell is the first Big Oil company to spin off an MLP, according to the above article.