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TPG circles in $3b sale of Shell petrol stations

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Screen Shot 2014-01-09 at 09.32.08Angela Macdonald-Smith, James Chessell, Sarah Thompson:

January 8, 2014

Private equity firm TPG is in the final stages of a $3 billion auction for Royal Dutch Shell’s refining and retail business in Australia, along with a consortium involving Macquarie Group.

There is also speculation a third party – potentially an Asian energy business – is also vying for the Shell assets, including its refinery in Geelong, several import terminals and a network of 900 branded service stations.

It is believed Shell’s retail partner in Australia, Coles, is monitoring the negotiations. and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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