Daily Telegraph: City briefs: Team eyes Shell arm: “Goldman Sachs Capital Partners has joined up with Kohlberg, Kravis Roberts, the US private equity firm, to bid for Royal Dutch/Shell's liquefied petroleum gas business. The sale is part of a $10bn-$12bn (£5.5bn-£6.7bn) asset disposal programme that followed Shell's reserves overbooking scandal." (ShellNews.net)

(Filed: 12/10/2004)

Goldman Sachs Capital Partners has joined up with Kohlberg, Kravis Roberts, the US private equity firm, to bid for Royal Dutch/Shell's liquefied petroleum gas business.

The sale is part of a $10bn-$12bn (£5.5bn-£6.7bn) asset disposal programme that followed Shell's reserves overbooking scandal.

Shell has mandated Citigroup to sell the business, which is valued at more than £1bn. The auction is expected to attract other bidders.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2004/10/12/cnbul12.xml