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Monday, January 19, 2015

Brazil's HRT to purchase stake in Shell's Campos fields -source, (NYSE: RDS-A), (NYSE: RDS-B)

Brazilian oil and gas company HRT Participacoes SA reached an agreement to purchase offshore assets of Royal Dutch Shell Plc in the Campos Basin, a source with knowledge of the deal said on Monday.Further details of the agreement are expected to be published by HRT on Tuesday on the website of CVM, the local market regulator.Bloomberg News, citing two people with knowledge of the matter, reported that the deal would give HRT 80 percent of the venture.The fields involved in the deal are the Bijupira and Salema areas, which were some of the first to be operated by a foreign company in Brazil on a commercial scale, the source that spoke with Reuters said.

Shares of RDS-A traded higher by 3.01% or $1.88/share to $64.39. In the past year, the shares have traded as low as $60.84 and as high as $83.42. On average, 3545850 shares of RDS-A exchange hands on a given day and today's volume is recorded at 4195103.

Shares of RDS-B traded higher by 3.3% or $2.13/share to $66.61. In the past year, the shares have traded as low as $62.11 and as high as $88.13. On average, 1127150 shares of RDS-B exchange hands on a given day and today's volume is recorded at 1602018.



Source