Shell to Transfer Headquarters to London Amid Power Transition

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LONDON— Royal Dutch Shell PLC plans to consolidate its twin British and Dutch construction and relocate its headquarters to London, a transfer it mentioned would assist facilitate returns to shareholders and make it less complicated to vary up its portfolio of belongings.

The oil big mentioned Monday that bringing an finish to its complicated construction also needs to make it simpler for traders to worth the corporate, at a time when it has dedicated to transitioning to low-carbon vitality. Shell’s shares traded 2% greater after the announcement.