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Shell to Buy Assets of U.S. Energy Marketer Enspire

Bloomberg

 

 

Shell to Buy Assets of U.S. Energy Marketer Enspire (Update1) 

By Tony Cox

Dec. 26 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, agreed to buy the assets of Enspire Energy LLC, an energy marketer based in Virginia.

The transaction is scheduled to close in next year’s first quarter, the Shell Energy North America (US) LP unit said today in a statement. Terms weren’t disclosed.

Acquiring Enspire’s assets will add to Shell’s scale and range of services in the mid-Atlantic region, Shell Energy North America President Mark Quartermain said in the statement.

Last Updated: December 26, 2008 08:40 EST

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