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Norwegian Energy Company ASA (NOR.OL)

NOR.OL on Oslo Stock Exchange

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Shell sells Danish upstream assets to Norwegian Energy in $1.9 billion deal

OSLO Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing the assets at $1.9 billion, as part of its wider divestment strategy, the company said on Wednesday.

UPDATE 2-Shell sells Danish upstream assets to Norwegian Energy in $1.9 bln deal

* Effective date is Jan 2017, reducing overall payment to Shell

Shell sells its Danish upstream assets to Norwegian Energy for $1.9 bln

OSLO, Oct 17 Royal Dutch Shell has agreed to sell its Danish upstream business to oil firm Norwegian Energy (Noreco) for $1.9 billion, as part of its wider divestment strategy, the company said on Wednesday.

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