Sept 12 (Reuters) - Anglo-Dutch oil group Royal Dutch Shell has appointed Credit Suisse to advise on thesale of its European liquefied petroleum gas (LPG) business, theFinancial Times reported on Friday, citing four people withknowledge of the decision.
The business, which it previously tried to sell in 2010,could be valued at as much as 1 billion pounds ($1.63 billion)and is expected to attract bids from private equity firms aswell as trade buyers, the FT said, attributing sources. (http://on.ft.com/1jbmU3p)
The newspaper said buyout groups PAI Partners, CVCCapital, Ardian, First Reserve and Advent Internationalhad submitted bids for the business in 2010.
Shell representatives could not immediately be reached forcomment.(1 US dollar = 0.6152 British pound) (Reporting by Karen Rebelo in Bangalore; Editing by DavidGoodman)