Shell mulls sale of European, US chemicals assets, WSJ reports

(Reuters) - Shell is considering a imaginable merchantability of its chemicals assets successful Europe and the United States, the Wall Street Journal reported connected Sunday, citing sources acquainted with the matter.

The vigor radical has hired Morgan Stanley to behaviour a strategical reappraisal of its chemicals operations, the study said.

Shell declined to comment. Morgan Stanley did not instantly respond to a petition for remark extracurricular regular concern hours.

The reappraisal is successful its aboriginal stages and Shell has not yet made immoderate definitive decisions regarding a imaginable sale, the Journal reported, adding that 1 of the assets included successful the reappraisal was Shell's Deer Park installation successful Texas.

Last twelvemonth Shell sold its refining and chemicals hub successful Singapore, 1 of the world's largest.

The British institution warned earlier this twelvemonth that it expects trading successful its chemicals and lipid products part to beryllium importantly little quarter-on-quarter owed to little seasonal demand.

(Reporting by Bipasha Dey successful Bengaluru; further reporting by Gursimran Kaur, Editing by Ros Russell and Jane Merriman)