Royal Dutch Shell are in talks with two parties — an unnamed large private equity firm and a consortium
including investment bank Macquarie Group <MQG.AX> — over the
A$3 billion ($2.69 billion) sale of 900 petrol stations and its
refinery in Geelong, the Australian Financial Review said,
citing sources, who described the talks as "preliminary".
BP is examining a A$3 billion sale of its petrol stations and
refineries in Queensland and Western Australia, the Australian
Financial review reported, citing no sources.
The Australian Financial Review said both Shell and BP would use
the cash generated for their energy production business
The Australian Financial Review also reported market speculation
that Chevron <CVX.N> may follow BP and Shell and consider
selling out of service stations in Australia.
($1 = 1.1159 Australian dollars)
(Reporting by Colin Packham, editing
by David Evans)
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