Nephin Energy paid Canadian parent €261.1m last year
THE buyer of Shell’s stake in the Corrib gas field has paid €700m in tax-free dividends to its Canadian parent in the three years since the acquisition. Accounts filed by Nephin Energy Holdings Ltd (NE HL) show the Irish firm paid its parent company, Canada Pension Plan Investment Board (CPPIB), a dividend of €261.1m in 2019 and has already paid a further €56.5m dividend in February this year. That is on top of a €382.4m dividend paid In 2018.
Posted Date:
22 October 2020