May 7 (Reuters) - Royal Dutch Shell Plc is selling 97.5 million shares of Canadian Natural Resources Ltd in a bought deal for about $3.3 billion, according to the Globe and Mail.
Shell had decided to offload a roughly C$4.1 billion ($3.18 billion) stake in Canadian Natural Resources that it acquired as part of a deal to retreat from Canada’s oil sands, people familiar with the situation had told Reuters nearly a year ago.
In June, Shell had reported a stake of 8 percent in Canadian Natural Resources.
The underwriting group includes Goldman Sachs, Scotiabank, RBC, and Toronto-Dominion, according to the Globe and Mail report. tgam.ca/2FUNhaK ($1 = 1.2888 Canadian dollars) (Reporting by Mekhla Raina in Bengaluru Editing by Chris Reese)