Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Shell divests its stake in DUC to Noreco for USD 1.9bn
October 18, 2018

Shell has sold all of its shares in Dansk Undergrunds Consortium (DUC) to Norwegian Energy Company (Noreco) for USD 1.9bn. DUC holds the majority of oil production in the Danish North Sea shelf. The stake size is 36.8%. Shell has now completely exited the Danish North Sea. Total SA remains the second largest shareholder in DUC (31.2%) followed by Nordsøfonden (20%) and Chevron Corp. (12%).

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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