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2015-11-20 19:25:00

QATAR SELLS $1.5 BLN

QATAR SELLS $1.5 BLN

The Qatar Investment Authority has sold its shares in Shell and BG for $1.5bn, according to Qatar's Al Sharq Media.

The Authority sold approximately 43mn shares in BG worth $840mn and roughly 24mn shares worth $643mn in Shell, Al Sharq quoted sources as saying.

The deal was concluded at the end of last October and the beginning of November.

The Qatar Investment Authority is among the major shareholders in Shell, holding close to 4.88% of the company's capital, in addition to owning a stake of roughly 1.76%.

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Tags: QATAR, SHELL

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