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

Published in Oil Industry News on Monday, 19 June 2017


European Commission Approves Shell's $3.8 billion North Sea Sale - News Item Graphic

The European Commission approved on Friday Royal Dutch Shell's (RDSa.L) $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.

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