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XRG to Buy Shell’s Stake in Australian Project for $1.45 Billion
Source: Bloomberg
M&A & RestructuringEnergy Markets & PricesCommodities & Raw Materials
Abu Dhabi’s state oil producer’s energy investment arm agreed to pay $1.45 billion for Shell’s stakes in an Australian natural gas project. The acquisition is part of a series of deals to expand its global footprint; project details and financial terms beyond the purchase price were not reported.
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