THE WALL STREET JOURNAL: Repsol Plans to Make Bid For Shell’s LPG Business
Posted 27 May 2005
By ANDRES CALA
Staff Reporter of THE WALL STREET JOURNAL
PARIS — Repsol YPF plans to announce next week it is partnering with other investors to bid for Royal Dutch/Shell’s liquefied petroleum gas distribution and marketing business, a move that if successful would make the Spanish oil and gas company the largest LPG distributor in the world, a person familiar with the negotiations said Thursday.
Repsol, the fifth-largest European energy company by market capitalization, plans to join forces with United Kingdom-based CVC Capital Partners and other undisclosed investors to coincide with a general meeting Tuesday at which Repsol’s new chairman and chief executive, Antonio Brufau, will disclose the company’s strategy for the next five years.
Mr. Brufau has already hinted that his strategy is to use Repsol’s modest but reliable cash-generating operations in Latin America to finance diversification into other continents and an expansion of its refining and gas operations.
The person familiar with Repsol’s plans didn’t offer further details on the potential deal for Shell’s LPG business. A spokesman for CVC declined to comment. Representatives at Shell couldn’t be reached immediately for comment.
Shell’s LPG unit is attracting interest from private-equity firms and oil companies. Analysts have said the asset is potentially valued at more than $3 billion, or €2.38 billion.
In September, the Anglo-Dutch oil company disclosed it had received an unsolicited approach from a potential buyer. The move sparked the company to provide an open ear to any proposal from possible bidders, though a final decision to sell or not has yet to be made. The asset sale, if completed, would be part of a $12 billion divestment program unveiled in September, as part of a larger overhaul of the business.
Write to Andres Cala at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
