The Traderszone Network

Published in TZ Latest News 19 May, 2015 by The TZ Newswire Staff

Shell receives $529 million offer for French LPG business from DCC

Shell (RDSa.L) has received a 464 million euro ($529 million) binding offer for its Butagaz liquefied petroleum gas (LPG) business in France from DCC (DCC.L), marking the next step in the Anglo-Dutch oil major’s drive to sell downstream assets. Support services group DCC is now in exclusive talks with Shell, which is discussing the offer with staff at Butagaz and Shell France, the oil company said.

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