Shell to sell underperforming and non-core operations

Oct 12, 2004 02:00 AM

Shell is going to sell its underperforming and non-core operations of its LPG business.
Financial company Goldman Sachs Capital Partners teamed up with equity firm Kohlberg Kravis Roberts to bid for Shell's unit.

Shell is selling underperforming and non-core operations to help finance $ 45 bn in capital spending over the next three years.
The company is expected to send an information memorandum on the LPG business to prospective buyers in January.

Source: Neftegaz
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