Danish oil company dissolves after failed Shell acquisition

Danish oil company Dansk Olieselskab wanted to buy Shell's Danish division. The acquisition failed, leaving Dansk Olieselskab with a big debt.

A failed attempt to take over Shell's Danish division is costing the suitor its existence.

Dansk Olieselskab Holding ApS entered a deal in 2016 to buy A/S Dansk Shell. A new annual report from the company shows it now plans to shut down.

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