Royal Dutch Shell Plc  .com Rotating Header Image

Shell raises $1bn from InterGen sale

Financial Times: Shell raises $1bn from InterGen sale

“The sale of InterGen, which operates power plants in several territories across the world, is part of Shell’s plan to raise as much as $15bn through the disposal of non-core assets in the period of 2004 to 2006.”

Saturday 6 August 2005

By Michael Kavanagh

Published: August 6 2005

Royal Dutch Shell has raised $1bn (£564m) following the completed sale of its InterGen power generation co-venture. InterGen, which has been sold to AIG and the Ontario Teachers’ Pension Plan for $1.75bn, was majority owned by Shell with the remainder held by Bechtel, the US engineering services and construction company.

The sale of InterGen, which operates power plants in several territories across the world, is part of Shell’s plan to raise as much as $15bn through the disposal of non-core assets in the period of 2004 to 2006.

Michael Kavanagh

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.