The transaction includes an initial consideration of US$947 million (€830m), as well as additional payments of up to US$285 million (€250 million) between 2018 and 2025, subject to gas price and production.
Related Articles
Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with CPP Investment Board Europe S.A.R.L., a wholly owned subsidiary of Canada Pension Plan Investment Board (CPPIB), to sell its shares in Shell E&P Ireland Limited, which holds 45% interest in the Corrib gas venture for up to US$1.23 billion (€1.08 billion).
The transaction includes an initial consideration of US$947 million (€830m), as well as additional payments of up to US$285 million (€250 million) between 2018 and 2025, subject to gas price and production.
