Shell sells non-core acreage in Canada for about $1 billion
(Reuters) - Royal Dutch Shell Plc (RDSa.L) said on Thursday it is selling about 206,000 acres of non-core oil and gas properties in Canada to Tourmaline Oil Corp (Toronto:TOU.TO - News) for about $1.03 billion.
The deal consists of $758 million in cash and Tourmaline shares valued at $279 million, Shell said.
(Reporting by Sangameswaran S in Bengaluru; Editing by Maju Samuel)