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Shell Sells Irish Corrib Gas Field Stake

Shell sells Corrib stake to Canadian pension fund for €1.08bn: The Irish Times: 12 July 2017

Royal Dutch Shell has sold its 45 per cent interest in the Corrib gas field to a unit of Canada Pension Plan Investment Board (CPPIB) in a deal worth up to $1.23 billion (€1.08 billion), as the group continues to sell off non-core assets. READ MORE

Shell to exit upstream business in Ireland with $1.23 billion stake sale: Reuters: 12 July 2017

The transaction, which is subject to partner and regulatory approval, is expected to complete in the second quarter of 2018, Shell said on Wednesday. READ MORE

Shell Sells Irish Gas Field Stake for $1.2 Billion to Canada Pension Fund: The Wall Street Journal: 12 July 2017

LONDON—Royal Dutch Shell PLC has sold its stake in a controversial Irish gas field for up to $1.23 billion to one of Canada’s biggest pension funds, but the deal will result in a $350 million impairment charge, the company said Wednesday. READ MORE

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