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2014-09-15 18:05:00

SHELL PLANS: $15 BLN

SHELL PLANS: $15 BLN

Royal Dutch Shell has revived plans to dispose of its European liquefied petroleum gas business four years after a second failed attempt to sell the assets.

The Anglo-Dutch group has appointed Credit Suisse to advise on an auction, four people with knowledge of the decision said. The assets could be valued at as much as €1bn, including debt, and are expected to attract bids from private equity groups as well as trade buyers, they said.

Shell sought to offload the unit, the bulk of which consists of French company Butagaz, in 2004 but pulled the sale because offers fell short of its asking price. in 2010 a disposal…

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Tags: SHELL, EU, GAS, LPG
Chronicle:
SHELL PLANS: $15 BLN
2019, May, 22, 10:35:00
CANADA'S GDP GROWTH 1.5%
Real GDP growth is projected to decline to 1.5 percent in 2019, partly reflecting a disappointing first quarter and more subdued global growth.
SHELL PLANS: $15 BLN
2019, May, 22, 10:30:00
INDONESIA'S GDP GROWTH 5.2%
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SHELL PLANS: $15 BLN
2019, May, 22, 10:25:00
RUSSIA,RWANDA NUCLEAR
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SHELL PLANS: $15 BLN
2019, May, 21, 15:55:00
OIL PRICE: ABOVE $72 ANEW
Brent crude futures, the international benchmark for oil prices, were at $72.31 per barrel at 1030 GMT, up 34 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 42 cents, or 0.7 percent, at $63.52 per barrel.
SHELL PLANS: $15 BLN
2019, May, 21, 15:45:00
BALANCED OIL MARKET
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SHELL PLANS: $15 BLN
2019, May, 21, 15:40:00
OPEC+ WILL STAY
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SHELL PLANS: $15 BLN
2019, May, 21, 15:35:00
OPEC+ RUSSIA COOPERATION
Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end, from easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets.
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