LONDON, June 15 (Reuters) - Oil major Royal Dutch Shell said on Wednesday its subsidiary in the Philippines,Pilipinas Shell Petroleum Corporation (PSPC), is in the processof preparing an initial public offering (IPO) of its shares.
PSPC has hired BPI Capital Corp and JP Morgan for theprocess, IFR, a Thomson Reuters publication, reported earlierthis month. (Reporting by Ron Bousso; Editing by Elaine Hardcastle)