$1B sale of Shell's Egypt assets moves to second round - Bloomberg [Seeking Alpha]
CAPRICORN ENERGY UNSP/ADR (CRNCY)
NASDAQ:AMEX Investor Relations:
cairnenergy.com/investors
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Source: Seeking Alpha
Energy$1B sale of Shell's Egypt assets moves to second round - BloombergApr. 9, 2020 5:53 PM ET|Royal Dutch Shell plc (RDS.A)Carl SurranA consortium of Cairn Energy, Pharos Energy and Egypt's Cheiron Petroleum hasmoved to a second round of biddingRDS.BShell is said to be moving ahead with the planned sale for now despite a dim global atmosphere for dealmaking amid the coronavirus crisis.The rout in oil prices could affect the amount buyers are willing to pay, and Shell may not be able to achieve its initial price expectations, according to the report.Click to subscribe to real-time analytics on RDS.ANow read:Despite The Oil Price Carnage Exxon Will Grow The Dividend For The 38th Year In A Row »
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