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TPG in bid for Shell's Australian assets - paper
January 7, 2014 / 9:50 PM / 4 years ago

TPG in bid for Shell's Australian assets - paper

SYDNEY, Jan 8 (Reuters) - Private equity firm TPG is vying for Royal Dutch Shell’s refining and retail business in Australia, along with a consortium involving Macquarie Group , the Australian Financial Review (AFR) reported on Wednesday.

The paper said there is speculation that a third party, potentially an Asian energy business, is also in the running to buy Shell’s assets, including a refinery, import terminals and a network of 900 branded service stations.

The AFR described the process as being in the final stages.

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