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Royal Dutch Shell selling stake in Canadian Natural Resources

May 8, 2018   Don Horne




Royal Dutch Shell says it is selling its stake in Canadian Natural Resources for about $3.3 billion.

Shell told Canadian Press the sale of more than 97 million shares represents its entire interest in Canadian Natural.

The company said in a statement Monday night that proceeds from the sale will contribute to reducing net debt.

The sale is expected to go through tomorrow.

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(Canadian Press)


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