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Shell fights to win approval for sale of Nigerian onshore business - FT
Energy major and prospective buyer in lobbying drive to overcome regulator’s objections to $1.3bn deal
Shell is battling to win approval for the $1.3bn sale of its onshore oil and gas business in Nigeria after the divestment was blocked by regulators.
The company and the proposed buyer Renaissance Africa Energy were informed by the Nigerian Upstream Petroleum Regulatory Commission in August that the deal could not be approved in its current form, according to people familiar with the matter.
Both parties have since engaged in an intense lobbying effort but have failed to persuade the regulator to reverse course, the people said.
https://www.ft.com/content/7d5...
