Oil and gas company Shell withdraws with the pension fund Canada Pension Plan Investment Board (CPPIB) with a possible acquisition of the American oil producer Endeavor. That insiders told the news agency Bloomberg about the matter.
In December, sources had already reported that Shell had discussions about an Endeavor takeover for $ 8 billion. With the Canadian pension fund as partner, Shell would have more financial strength in any acquisition. Endeavor is mainly active in the American states of Texas and New Mexico.
Earlier, ExxonMobil, Chevron and ConocoPhillips were also interested in Endeavor, which put itself in the shop window. However, they have dropped out, sources have said.