Shell Sells Nigeria Gas Unit to Vaaris
Shell has agreed to sell its entire interest in the Shell Nigeria Gas Group to Vaaris Energy as part of an ongoing portfolio simplification strategy. Financial terms of the transaction were not disclosed by the companies.
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SHELL PLC agreed to sell its entire interest in the Shell Nigeria Gas Group to Vaaris Energy during Tuesday morning trading. The transaction transfers a domestic gas distribution business operating across Nigeria to private ownership. Financial terms for the sale were not disclosed by either party.
