Daily brief
Shell has acquired Canadian energy company ARC Resources for $16.4 billion. The deal comes as Shell CEO warns of tight oil supplies amid the ongoing blockade of the Strait of Hormuz. The acquisition was first reported yesterday and is now confirmed.
Sweden issued an early warning of a potential jet fuel shortage, but Ryanair CEO Michael O'Leary dismissed the concern as unwarranted.
Private equity firm CVC is considering a €9 billion bid for Italian payments company Nexi.
by WorldBrief & Maksim Micheliov | AI-generated summary