Reuters – A British hedge fund is challenging in court the procedure chosen by oil giant Royal Dutch Shell (RDSa.L: Quote,Profile, Research) to acquire theremaining 1.5 percent of shares in its former Dutch parent as part of its unification.
The Amsterdam corporate court said on Monday it will hold a hearing on Tuesday on claims filed by Trafalgar Catalyst Fund and Trafalgar Volatility Fund, which own 900,000 shares or 0.3 percent of the remaining Royal Dutch minority stock.
In July, the world’s third-biggest oil company declared unconditional the merger of its separately listed parents, Royal Dutch and UK-based Shell Transport & Trading Plc after more than 90 percent of Royal Dutch shareholders tendered their shares.
