LONDON, Feb 6 (Reuters) - Royal Dutch Shell isseeking to sell its stake in the Danish Underground Consortium(DUC), an offshore oil and gas joint venture, in what would markthe company's effective exit from Denmark, three banking sourcessaid.
The stake is valued at up to $1 billion, according to twosources.
Bank of America Merrill Lynch (BAML) is running the saleprocess, the sources said.
Shell owns a 36.8 percent stake in DUC alongside operatorA.P. Moller-Maersk, which has 31.2 percent, Chevron which holds 12 percent, and Danish state-runNordsøfonden which has a 20 percent stake.
Shell declined to comment. BAML was not available forimmediate comment.
(Editing by Jason Neely)
