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Evening Standard
Evening Standard
Anna Wise

Shell strikes £12.1 billion deal to buy Canadian energy firm

Shell has agreed a 16.4 billion US dollar (£12.1 billion) deal to buy Canadian energy firm ARC Resources (Yui Mok/PA) - (PA Wire)

Shell has agreed a 16.4 billion US dollar (£12.1 billion) deal to buy Canadian energy firm ARC Resources in a bid to boost its gas production and reserves.

The British energy giant said the acquisition will strengthen its resource base “for decades to come”.

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