Shell CEO says pursuing major deal may distract


Shell Plc chief executive officer Wael Sawan. — Bloomberg

LONDON: Shell Plc chief executive officer Wael Sawan says the UK energy company will continue to look for potential acquisitions, but warned of the risks inherent in pursuing a major deal.

Speaking in a Bloomberg TV interview, he declined to answer directly if Shell would consider looking at its rival BP Plc, but said “the bar is high” for any transaction.

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