Anglo-Dutch energy group Royal Dutch Shell is to pay $352.6m (€262.7m) to settle non-US claims related to its oil reserves crisis three years ago.
A statement added that Shell intended to offer the same proportional settlement to investors in the US, provided the US court overseeing the case approved.
The group downgraded its oil and gas reserves in 2004, triggering an internal crisis that led to the historic merger of the energy giant's two holding companies as it sought to restore investor confidence.
In 2005, Shell moved to a more traditional single-board structure with one chairman and one chief executive after scrapping its dual-board arrangements based in Britain and the Netherlands.
