SHELL SELLS MEXICO $965 MLN
SHELL - Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd (Delek). The total consideration for this deal is $965 million in cash.
The Sales and Purchase Agreement is subject to certain conditions, including regulatory approvals. The transaction is likely to close by the end of the third quarter 2019, with an effective date of January 1, 2019.
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