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BRIEF-Shell says has signed agreements on the separation of Motiva

March 7 Royal Dutch Shell:

* Signing of binding definitive agreements on the separation of Motiva

* Signing of binding definitive agreements on separation of Motiva

* Shell - balancing payment of $2.2 billion has been agreed between parties, subject to adjustments including for working capital

* Shell - as a result of transaction no material effect is expected on gearing reported on Shell balance sheet

* Shell-Value to be satisfied by combination of SRI assuming more than its 50% share of Motiva's net debt on completion and a cash payment for balance Source text for Eikon: Further company coverage:

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