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Deals Rumor Mill: Shell, Weetabix, CPPIB

By Chelsea Naso (January 27, 2017, 6:46 PM EST) -- Royal Dutch Shell PLC is preparing to part ways with a large portion of its North Sea oil and gas assets in a roughly $3 billion sale to private equity-backed Chrysaor, Reuters reported on Friday, citing banking sources. The sale is said to be part of an effort by Shell to reduce debt after buying British rival BG Group in a $70 billion deal. Chrysaor, a North Sea oil company backed by EIG Partners, is reported to be eyeing a mix of Shell's older fields, new developments and infrastructure....

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