UPDATE 1-Shell, Exxon launch sale of UK, Dutch North Sea assets -sources
Yahoo! Finance
Shell and Exxon Mobil have launched a simultaneous sale process of a large package of offshore natural gas assets in the southern UK and Dutch North Sea, three industry and banking sources said. Investment bank Jefferies was hired to run the sale, which could raise over $2 billion, the sources said. Launched earlier this month, the sale comes after Shell and Exxon ran initial sales processes for their British and Dutch assets.
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