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

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.

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