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2018-10-19 10:30:00

SHELL SELLS $1.9 BLN

SHELL SELLS $1.9 BLN

SHELLRoyal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating interest in the Danish Underground Consortium (DUC).

The sale is subject to regulatory approval and expected to be completed in 2019. The transaction's effective…

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Tags: SHELL, NORECO
Chronicle:
SHELL SELLS $1.9 BLN
2020, August, 13, 13:24:00
MINING OF RUSSIA
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TANK FARMS AND OIL TERMINALS IN RUSSIA, CONFERENCE AND EXIBITION
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2020, August, 13, 13:20:00
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2020, August, 13, 13:15:00
BLACK SEA ENERGY TRANSMISSION
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TURKEY'S ECONOMY DOWN
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OIL PRICE: ABOVE $45 ANEW
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2020, August, 12, 14:15:00
U.S. LPG FOR ASIA UP
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