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TPG enters race for Shell’s Australia business

8 Jan 2014

Global private equity firm TPG is the latest bidder to enter the fray for oil & gas group Shell’s Australian refining and retail business.

Other bidders include Macquarie Group and potentially an unnamed Asian energy business, according to the Australian Financial Review (AFR) reported on Wednesday.

According to Bloomberg, oil trader Vitol Group is also in the running, having previously acquired African assets from Shell.

The $2.7bn sale would include an oil refinery, as well as import terminals and 900 filling stations.

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