The Rising Influence of Rising Affluence

[DewDiligence]

Shell closes acquisition of Repsol’s LNG assets for $3.8B (less than originally announced price):

http://online.wsj.com/news/articles/SB10001424052702303370904579295743769743348

Royal Dutch Shell PLC said Thursday it has completed the acquisition of Repsol SA 's liquefied natural gas portfolio outside North America for $3.8 billion net, slightly lower than the $4.4 billion originally agreed on last February.

Under the deal agreed to on Feb. 26, 2013, Shell is buying a package of assets from Repsol, including the Spanish company's liquefaction facilities in Peru and Trinidad and Tobago along with an LNG import terminal in Spain.

The deal will immediately contribute additional cash flow to Shell, while requiring limited ongoing capital expenditure, the company said.