European Commission Approves Shell`s $3.8 Billion North Sea Sale

The European Commission approved on Friday Royal Dutch Shell`s $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor.
`The Commission concluded that the proposed acquisition would not raise competition concerns. because of its limited impact on the market structure.` the Commission said in a statement.
Shell welcomed the `important milestone` toward the completion of the deal which is expected in the second half of this year.

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