AFX Europe (Focus): Repsol YPF presents solo bid for Shell's LPG ops valued at 2.5 bln eur – report: Friday Dec 23, 2005
MADRID (AFX) - Repsol YPF SA has presented its solo binding offer for Royal Dutch Shell Group's Liquefied Petroleum Gas (LPG) operations, valued at 2.5 bln eur, La Gaceta de los Negocios reported without citing a source.
According to La Gaceta, there are five or six other group's bidding for the LNG business, including several risk capital firms and India's ONGC.
The winning bid is expected to be announced in the next few weeks, la Gaceta said.
In November, Repsol YPF SA decided to bid on its own for the LNG business after splitting with its partner risk capital firm CVC Capital Partners.
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