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TPG in bid for Shell's Australian assets - paper

Tue, 07th Jan 2014 21:49

SYDNEY, Jan 8 (Reuters) - Private equity firm TPG is vyingfor Royal Dutch Shell's refining and retail business inAustralia, along with a consortium involving Macquarie Group, the Australian Financial Review (AFR) reported onWednesday.

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

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

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