06-02-2017 13:31 via uk.news.yahoo.com

Shell looking to sell stake in Danish venture - banking sources

By Ron Bousso and Clara Denina LONDON (Reuters) - Royal Dutch Shell is seeking to sell its stake in the Danish Underground Consortium (DUC), an offshore oil and gas joint venture, in what would mark the company's effective exit from Denmark, three banking sources said. The stake is valued at up to $1 billion, according to two sources. Bank of America Merrill Lynch (BAML) is running the sale process, the sources said.
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