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Support services group DCC is now in exclusive
talks with Shell, which is discussing the offer with staff at
Butagaz and Shell France, the oil company said.
"The transaction is consistent with Shell's strategy to
concentrate its downstream footprint on a smaller number of
assets and markets where it can be most competitive, and is part
of an ongoing exit from the LPG business globally," Shell said.
DCC, which has already purchased BP and Statoil's LPG
businesses, said the proposed deal would be its largest
acquisition and would make it Europe's third-largest LPG
distributor.
Shell's downstream divestments have so far included some of its
Norwegian and British retail businesses and refineries in
Britain, Germany, France, Norway and the Czech Republic.
(Reporting by Karolin Schaps; Editing by David Goodman)
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