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Reuters: Shell to keep global LPG unit after review

Fri Mar 17, 2006 7:25 AM GMT
LONDON (Reuters) – Royal Dutch Shell said on Friday that it had decided to keep its global LPG (liquefied petroleum gas) marketing and distribution business following a strategic review.
Shell (RDSa.L: Quote, Profile, Research) said in September 2004 that after obtaining an unsolicited offer from an interested buyer for the LPG business, it would review its options.
Some parts of Shell's LPG business have meanwhile been sold, including in Portugal, parts of the Caribbean, Brazil, Paraguay and Italy, for around $350 million (200 million pounds).
The remainder will remain within Shell's global downstream portfolio, Shell said.

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