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.
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.
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