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European Commission Approves Shell's $3.8b North Sea Sale

Source: Reuters 6/16/2017, Location: Europe

The European Commission approved Royal Dutch Shell's $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor. "The Commission concluded that the proposed acquisition would not raise competition concerns, because of its limited impact on the market structure," the Commission said in a statement.

Shell welcomed the "important milestone" toward the completion of the deal which is expected in the second half of this year.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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