IKAV, an international asset management group, completed the acquisition of Aera Energy, an oil and gas producer, from ExxonMobil, an international energy and petrochemical company, and Shell, a global group of energy and petrochemical companies, for $4bn. "In addition to our long-term goal and commitment to renewable energy, we recognize the continued need for oil and gas and for these assets to be operated safely and responsibly to facilitate a smooth and sustainable transformation of our energy supply. We advocate a co-existence between renewable and conventional energy for decades to come. Aera fits our philosophy, and we are excited to be working with its exceptional team, who share our culture and long-term ambitions," Constantin von Wasserschleben, IKAV Chairman.