Shell buys Morgan Stanley's Europe gas and power trade bookStaff writer ▼ | July 13, 2015
Royal Dutch Shell has acquired Morgan Stanley's European gas and power trading book as the U.S. bank continues its exit from the sector.
Acquisition Shell is set to increase its presence in the gas market
Shell Energy Europe, its supply and trading arm in the region, has signed a binding sales and purchase agreement for Morgan Stanley's portfolio, the Anglo-Dutch company said, without providing further details. ■