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Reuters: Shell, Bechtel complete Intergen sale

Reuters: Shell, Bechtel complete Intergen sale

 

Friday 5 August 2005

 

AMSTERDAM (Reuters) – Oil group Royal Dutch Shell Plc and U.S. construction firm Bechtel said on Friday they had completed the sale of their InterGen power generation joint venture to a partnership between AIG Highstar Capital II L.P. and Ontario Teachers’ Pension Plan for $1.75 billion.

Shell also said in the statement that it had agreed to divest InterGen’s U.S. and remaining Turkish assets, although it had previously said they would be retained.

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