Popular Posts

Thursday 13 July 2017

Shell sells upstream interests in Ireland for $1.23 billion




THE HAGUE, NETHERLANDS: Royal Dutch Shell plc (Shell) said that it has agreed to sell its shares in Shell E&P Ireland Limited, that holds 45 percent interest in the Corrib gas venture, to CPP Investment Board Europe SARL, a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB).
The total transaction is valued up to $1.23 billion. This transaction represents Shell’s exit from the upstream business in Ireland and is expected to complete in Q2, 2018.

No comments:

Post a Comment