‘Shell considers selling LPG distribution’
Oil giant Shell is considering selling off its LPG distribution arm, news agency Bloomberg reports on Tuesday.
Bloomberg quotes three sources as saying Shell has hired Credit Suisse Group to manage a sale of the division, which is valued at more than €800m.
The company sent information last week to potential bidders including private equity firms, the sources told the news agency.
Shell, which is focusing more on exploration and production, declined to comment on the reports.
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