Home / Business / World Business / European Commission approves Shell’s $3.8 bln North Sea sale

European Commission approves Shell’s $3.8 bln North Sea sale

The European Commission approved on Friday 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” towards the completion of the deal which is expected in the second half of this year. (Reuters)

Check Also

China regains spot as largest foreign U.S. creditor

China purchased the most Treasuries in six years in June, vaulting past Japan as the …

Dollar revived by US data tonic, N.Korea respite

The dollar hoarded hefty gains on Wednesday after strong U.S. retail sales revived the chance …

Leave a Reply

Your email address will not be published. Required fields are marked *