Royal Dutch Shell has signed a contract for the sale of its share in Shell E&P Ireland, which is a European subsidiary of the Canadian CPP Investment Board, Rambler News reports on Wednesday with a reference to the company’s press office.
Primary payment for the transaction will amount to €830 million, while subsequent payments, depending on gas prices and the volume of its production, are likely to reach as much as €250 million.
The transaction is expected to be closed in the second quarter of year 2018, the press office of Royal Dutch Shell specified in the statement.
As a reference, Royal Dutch Shell, a British-Dutch oil and gas company, is the world’s sixth-largest company measured by 2016 revenues.
