Deals
Canada Pension Said to Join Bid for Shell’s North Sea Assets
- Pension fund joining EIG, Chrysaor in their bid for asset
- Shell’s North Sea assets said valued at over $2 billion
A worker walks down stairs on a gas platform in the North Sea.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Canada Pension Plan Investment Board has joined a group that’s in advanced talks to buy a package of Royal Dutch Shell Plc’s U.K. North Sea assets for more than $2 billion, people familiar with the matter said.
Canada’s largest pension fund has joined Washington-based EIG Global Energy Partners and North Sea-explorer Chrysaor Holdings Ltd. to bid for the operations, said the people, who asked not to be identified because the matter is private.