Thursday 29 June 2017

DCC may seek to buy part of Shell’s LPG unit

Colm Heatley

DCC may be interested in buying "select" liquefied petroleum gas operations from Shell’s European unit, Davy, a Dublin-based securities firm, said today.

Shell hired Credit Suisse Group to sell European LPG unit, the Sunday Times reported February 14.

Any interest from DCC in acquiring parts of the business may face competition from Rubis SA, analyst Caren Crowley with Dublin-based Davy said in a note to clients.

Bloomberg

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