More.
From FT
Royal Dutch Shell has announced an IPO on the New York Stock Exchange for its Shell Midstream Partners pipeline business, the FT's Guy Chazan writes.
Shell said the offering was scheduled for the second half of the year.
So what is Shell Midstream Partners? Shell said:
Shell Midstream Partners was formed as a vehicle to own, operate, develop and acquire pipelines and other midstream assets. Headquartered in Houston, Texas, Shell Midstream Partners' initial assets are expected to consist of ownership interests in four onshore and offshore pipelines located primarily in Texas and Louisiana.