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Shell to buy Danish firm Nature Energy

The deal is done in nearly $2 billion

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1 year ago

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Shell to buy Danish firm Nature Energy
GNN Media: Representational Photo

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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