Shell buys Danish biogas supplier from investor consortium in billion-euro deal
Denmark’s Nature Energy has been sold to Shell Petroleum NV for a price of EUR 1.9bn.
BY OLE ANDERSEN, KAPITALWATCH, TRANSLATED BY DANIEL FRANK CHRISTENSEN
A consortium called the NGF Partnership, consisting of Davidson Kempner Capital Management LP, Pioneer Point Partners, and Sampension, have closed a sales agreement with Shell Petroleum NV, a fully owned subsidiary of Shell plc., which will take over 100% interest of Danish renewable natural gas (RNG) supplier Nature Energy, the transaction’s parties reported in a statement on Monday evening.
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