The Guardian Australia
·general
·3 hours ago
Shell to buy Canadian shale producer ARC Resources for $16.4bn
Shell agreed to acquire Canadian shale producer ARC Resources for $16.4 billion, marking its largest acquisition in a decade. The deal, which involves $13.6 billion in cash and shares plus $2.8 billion in debt, is expected to boost Shell's production growth from 1% to 4% annually. Chief Executive Wael Sawan stated the acquisition positions Canada as Shell’s ‘heartland’.
Summary by Glance · The Guardian Australia
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