Shell completes sale of upstream interests in Denmark to Noreco for $1.9 billion
Completion of the sale follows receipt of regulatory approval by the Danish authority. The transaction’s effective date is 1 January 2017.
Shell Trading and Supply and Shell Energy Europe Limited will retain oil and gas lifting rights from the DUC assets for a period of time.
Shell retains its Downstream presence in Denmark through A/S Dansk Shell, which includes the Fredericia refinery. The network of Shell-branded retail stations in Denmark will continue to be operated by DCC. ■