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Potential bidders eye Shell’s Corrib stake

Potential bidders eye Shell’s Corrib stake

The Sunday Business Post reports that as many as three potential bidders are running the rule over Shell’s stake in the €3.6 billion Corrib gas field off the west coast of Ireland as the oil and gas giant moves ahead with a $30 billion assets sell-off.

While the Corrib stake has not been formally put on the market, the newspaper cites unidentified market sources as saying that a number of companies are looking at Shell’s 45 per cent interest, with Australian bank Macquarie said to be among them.

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