By:
Mark Tighe, Peter O’Dwyer - The Times
The sale of Shell’s stake in the Corrib gasfield has moved a step closer to completion after Richard Bruton signed off on the proposed deal.
The recently appointed environment minister yesterday approved the sale of Shell’s 45 per cent stake in the Mayo gas project to Nephin Energy. The deal is understood to be worth about €830 million. Nephin is a wholly owned indirect subsidiary of the Canada Pension Plan Investment Board (CPPIB).
Posted Date:
28 November 2018