Sector News

Shell revives plan to sell European LPG business -FT

September 15, 2014
News
(Reuters) – Anglo-Dutch oil group Royal Dutch Shell has appointed Credit Suisse to advise on the sale of its European liquefied petroleum gas (LPG) business, the Financial Times reported on Friday, citing four people with knowledge of the decision.
 
The business, which it previously tried to sell in 2010, could be valued at as much as 1 billion pounds ($1.63 billion) and is expected to attract bids from private equity firms as well as trade buyers, the FT said, attributing sources. (on.ft.com/1jbmU3p)
 
The newspaper said buyout groups PAI Partners, CVC Capital, Ardian, First Reserve and Advent International had submitted bids for the business in 2010.
 
Shell representatives could not immediately be reached for comment. (1 US dollar = 0.6152 British pound) (Reporting by Karen Rebelo in Bangalore; Editing by David Goodman)

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Consumer Packaged Goods

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]