Shell sells out of Canadian Natural position for C$4.3bn

May 9, 2018

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British–Dutch multinational oil and gas company Royal Dutch Shell has agreed to sell its entire stake in Calgary, Alberta-based company Canadian Natural Resources in a deal valued at about C$4.3-billion. Shell has reached agreement with underwriters Goldman Sachs & Co, RBC Capital Markets, Scotiabank and TD Securities, to sell its 97.56-million shares in Canadian Natural, representing about 7.9% of Canadian Natural’s outstanding shares.

Category: General