Oranje-Nassau to sell North Sea assets

Oranje-Nassau has signed an agreement to sell its oil and gas activities to a Dyas-led consortium composed of ONH, Dyas UK, and a Japanese international trading and investment firm.

Offshore staff

UTRECHT, Netherlands -- Oranje-Nassau has signed an agreement to sell its oil and gas activities to a Dyas-led consortium composed of ONH, Dyas UK, and a Japanese international trading and investment firm. The net price for the transaction is $866 million.

This transaction should be closed by the end of the month, the company says.

05/21/2009

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