Shell sold its stake in Canadian Natural for $3.3 billion

Shell Gas, a division of British-Dutch oil and gas company Royal Dutch Shell, reported the sale of its stake in Canadian Natural Resources, which is developing oil sands in Canada, the finversia.ru project wrote. It is noted that Shell Gas sold all its Canadian Natural shares. It is also reported that the proceeds from the transaction before taxes will amount to about $3.3 billion, which will be used to reduce the debt of Shell. The market capitalization of Canadian Natural, which is one of the largest oil companies in Canada, is about $35 billion.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: