Shell to Buy Danish Renewable Natural Gas Producer Nature Energy for EUR1.9 Billion
28 Novembro 2022 - 2:38PM
Dow Jones News
By Michael Susin
Shell PLC said Monday that its wholly owned subsidiary Shell
Petroleum NV has agreed to buy Danish-based Nature Energy Biogas AS
for 1.9 billion euros ($1.98 billion).
The energy giant said that the deal is expected to be completed
in the first quarter of 2023 and to be both earnings enhancing and
deliver double-digit returns from completion.
The company added that Nature Energy is a producer of renewable
natural gas from agricultural, industrial and household waste.
The acquisition will be absorbed within Shell's current capital
range and remains unchanged, it added.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
November 28, 2022 12:23 ET (17:23 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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