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Shell buys East Resources

Shell buys East Resources

British energy giant Royal Dutch Shell on Friday announced it has agreed to pay US$4.7 billion in cash for U.S. natural gas explorer East Resources.
Shell said in a statement that it had agreed to acquire subsidiaries which own substantially all of the business of East Resources.
"Shell has agreed to acquire subsidiaries which own substantially all of the business of East Resources for a cash consideration of US$4.7 billion, from East Resources, and its private equity investor Kohlberg Kravis Roberts & Co. and its advisors Jefferies & Company.


Updated : 2021-01-21 14:06 GMT+08:00