The deal is done in nearly $2 billion
Published 3 years ago on Nov 29th 2022, 3:48 am
By Web Desk
Shell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing interest in biogas.
Reuters had reported last month Shell was among a number of companies joining a second bidding round to acquire the Denmark-based company.
Nature Energy, which operates 12 biogas plants in Denmark and one in France and has others in the pipeline, confirmed the deal in a separate statement.
SOURCE: REUTERS
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