Advertisement
UK markets close in 4 hours 39 minutes
  • FTSE 100

    8,356.67
    +2.62 (+0.03%)
     
  • FTSE 250

    20,461.22
    -30.77 (-0.15%)
     
  • AIM

    781.65
    +1.82 (+0.23%)
     
  • GBP/EUR

    1.1631
    +0.0009 (+0.07%)
     
  • GBP/USD

    1.2487
    -0.0010 (-0.08%)
     
  • Bitcoin GBP

    48,966.71
    -1,009.55 (-2.02%)
     
  • CMC Crypto 200

    1,316.32
    +16.22 (+1.25%)
     
  • S&P 500

    5,187.67
    -0.03 (-0.00%)
     
  • DOW

    39,056.39
    +172.13 (+0.44%)
     
  • CRUDE OIL

    79.70
    +0.71 (+0.90%)
     
  • GOLD FUTURES

    2,318.60
    -3.70 (-0.16%)
     
  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     
  • HANG SENG

    18,537.81
    +223.95 (+1.22%)
     
  • DAX

    18,566.22
    +67.84 (+0.37%)
     
  • CAC 40

    8,133.66
    +2.25 (+0.03%)
     

Shell revives plan to sell European LPG business -FT

Sept 12 (Reuters) - Anglo-Dutch oil group Royal Dutch Shell (Xetra: R6C1.DE - news) has appointed Credit Suisse (NYSE: CS - news) 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. (http://on.ft.com/1jbmU3p)

The newspaper said buyout groups PAI Partners, CVC (Taiwan OTC: 4744.TWO - news) Capital (Other OTC: CGHC - news) , Ardian, First Reserve and Advent International had submitted bids for the business in 2010.

Shell (LSE: RDSB.L - news) 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)