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14

RoyalDutch/Shell To Become Royal Dutch Shell

For the present, the firm is 60% owned by Royal Dutch Petroleum and 40% owned by Shell Transport & Trading

Royal Dutch/Shell?s investors have approved plans to merge its Anglo-Dutch structure and form a united company of $219 billion worth.

For the present, the firm is 60% owned by Royal Dutch Petroleum and 40% owned by Shell Transport & Trading.

The unification will simplify the chain of command after management was blamed for a crisis led to Shell having to slash its oil reserves.

The company is to be named Royal Dutch Shell.