logo

Shell sells its interest in Canadian Natural Resources Limited

Views: 50

Shell’s subsidiary, Shell Gas B.V. (“SGBV”), has entered into an underwriting agreement with Goldman Sachs & Co, RBC Capital Markets, Scotiabank and TD Securities, for the sale of 97,560,975 shares in Canadian Natural, representing its entire interest in Canadian Natural resulting in total pre-tax proceeds of approximately $3.3 billion.

Proceeds from the sale will contribute to reducing net debt. The sale is expected to complete on May 9, 2018.

 

Shell.com

 

Comments: 0

Your email address will not be published. Required fields are marked with *

0

Your Cart