Royal Dutch Shell’s latest acquisition

Yesterday it was announced that Royal Dutch Shell was buying the UK’s First Utility

www.shell.com

The news:-

https://www.first-utility.com/press/First-Utility-agrees-sale-of-business-to-Shell

Shell’s purchase of First Utility means, that Shell has aquired 850,000 domestic gas, electric and telecoms customers

The figures for the deal are not public but show’s how Shell is transforming itself it a domestic energy supplier.

850,000 customers, say each are paying £100 a month for Gas and Electric, imagine the new cash flow for Shell:-

£100 a month x 850,000 customers = £85,000,000 a month for Shell, that is £85m cash income a month

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