Royal Dutch Shell announces an agreement to sell its entire stake in Canadian Natural Resources Limited

Staff
Tuesday May 08, 2018
Written by Staff
The Hague, Netherlands – Shell's subsidiary, Shell Gas B.V., 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.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew





Poll

What is the state of your safety program?
 

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.