Shell disputes value of shares Thebe looks to sell

JOHANNESBURG – The Thebe Investment Corporation says that it is ridiculous that Shell refuses to buy its shares at what they consider a fair value.The investment company held talks with Shell to discuss developments around Shell’s exit from the downstream business.Thebe says the reason for Shell’s exit is not because of a dispute between the two entities.They say Shell made its decision, after Thebe reviewed its investment in Shell Downstream SA.Thebe indicated already in 2022 that they want to sell their shares.However, Shell disagreed with the valuation that was on the table.Despite…