CRAIN’S MANCHESTER BUSINESS
7:37 am, March 10, 2010
Essar, an Indian industrial conglomerate which is the preferred bidder for the Stanlow oil refinery in Cheshire (right), is planning a London stock market listing to raise up to $3bn.
The listing of its oil and power businesses could value them at up to $12bn and would be the largest ever overseas fundraising by an Indian company.
The group, controlled by brothers Shashi and Ravi Ruia, wants the money to fund expansion.
Essar, which also has interests in steel and telecoms and has total annual revenues of about $15bn, was named preferred bidder last October for Shell’s refinery near Ellesmere Port, which employs 1,000 full-time workers and 800 contractors.
The Indian group is also in talks to buy Shell plants at Heide and Harburg in Germany and is believed to have offered £1.2bn for all three sites.
Shell insists that the Cheshire refinery, which produces 272,000 barrels per day, is being sold as a going concern.
Royaldutchshellplc.com, a website which campaigns against the oil giant, has posted on the internet a confidential analysts’ briefing produced by Essar Oil Ltd last November which, it claims, indicates that Stanlow will be run down to a tank farm.
On a page headed “International Distribution Strategy”, Stanlow is marked as a terminal and Royaldutchshellplc.com says that this indicates that refining activity will cease.
Local MP Andrew Miller initially welcomed the Indian company’s interest as an alternative to a rival offer from Libya’s National Oil Corporation.
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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.

























































