CPP investment board to pick up Shell’s 45% stake in Irish Corrib gas field

July 12, 2017

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The Canada Pension Plan Investment Board (CPPIB) will pay nearly C$1.2-billion to become the largest partner in the Corrib offshore natural gas field, 83 km offshore Ireland.
The Toronto-based fund manager will initially buy a 45% interest in the project from a subsidiary of the Dutch exploration and production giant Shell for €830-million.

Category: General