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标题：Shell Sells Kraton To Ripplewood - Brief Article
期刊名称：European Report
印刷版ISSN：1021-4267
出版年度：2000
卷号：Sept 20, 2000
出版社：Europe Information Service SA

Shell Sells Kraton To Ripplewood - Brief Article

The Anglo-Dutch oil company Royal Dutch/Shell has announced the sale of its world-wide polymer production and marketing division Kraton, concluding its programme of investment withdrawal launched in December 1998. The Shell Board has indicated that Kraton has been sold to an American subsidiary of Ripplewood Holdings but will not be revealing the price or conditions of the transaction. The sale is in line with the objectives announced by Shell Chemicals in December 1998, namely to refocus activities on basic petrochemical products and is one of the largest hive-offs ever undertaken by Shell. Neil Gaskell, Head of the investment withdrawal programme has indicated that the release of Kraton marks the end of an ambitious restructuring programme which will yield savings of USD5.7 billion, and not the USD5 billion initially anticipated.