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Royal Dutch Shell Gets EU OK to Sell Northern North Sea Petroleum Ops to Chrysaor

June 16, 2017, 11:01:44 AM EDT By MT Newswires

Royal Dutch Shell ( RDS.A ) American depository shares were higher over 1% on Friday after the European Commission said it has cleared the sale of the company’s Northern North Sea petroleum business to Chrysoar Holdings Limited, part of US-based investment fund EIG Global Energy Partners.

“The Commission concluded that the proposed acquisition would raise no competition concerns given the very limited overlap between the companies’ activities and the presence of strong competitors,” the Commission said.


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