Royal Dutch Shell’s $3.3 Billion Sale of its Interest in Canadian Natural Resources
May 14, 2018
On May 8, 2018, Royal Dutch Shell plc (“Shell”) announced that its subsidiary, Shell Gas B.V., entered into an agreement with Goldman Sachs & Co., RBC Capital Markets, Scotiabank and TD Securities for the sale of its entire stake in Canadian Natural Resources Limited, resulting in total pre‑tax proceeds of approximately $3.3 billion. Proceeds from the sale will contribute to reducing net debt. Cravath is providing U.S. securities law advice to Shell in connection with the transaction.
The Cravath team is led by partner Andrew J. Pitts and includes associate Emily C. Weiss.
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M.B.A., 1995, Boston Universitywith High Honors
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J.D., 1994, Boston University School of Lawsumma cum laude
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B.A., 1988, Trinity College
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April 27, 2026
Thermo Fisher’s $1.075 Billion Sale of its Microbiology Business to Astorg
On April 27, 2026, Thermo Fisher Scientific Inc. (“Thermo Fisher”), the world leader in serving science, announced that it has signed a definitive agreement to sell its microbiology business, which provides antimicrobial susceptibility testing and culture media solutions for clinical, pharmaceutical and food safety testing, to Astorg, a leading pan‑European private equity firm, for consideration of approximately $1.075 billion, consisting of cash and a $50 million seller note. Cravath is representing Thermo Fisher in connection with the transaction.
