Royal Dutch Shell plc (“Shell”) announces an agreement to sell its entire stake in Canadian Natural Resources Limited (“Canadian Natural”)
THE HAGUE, Netherlands, May 7, 2018 /PRNewswire/ — Shell’s subsidiary, Shell Gas B.V. (“SGBV”), 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.
Linda Szymanski, Company Secretary
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Classification: Inside information
SOURCE Royal Dutch Shell plc