Neptune Oil confirms interest in Shell’s North Sea assets - Daily Telegraph
Royal Dutch Shell (LON:RDSA)’s North Sea assets are being eyed for investment by Neptune Oil and Gas, a Neptune spokesperson confirmed in The Daily Telegraph. The representative said the North Sea assets are being examined as part of Neptune’s general investment strategy.
Neptune, a fund set up to target distressed assets last year by Sam Laidlaw, ex-chief executive officer of Centrica, is believed to have entered discussions on the matter with Shell’s adviser Bank of America Merrill Lynch, the report said.
Lazard was also recently revealed to have been hired by Shell as adviser on a potential USD 30bn asset disposal programme over the three years to come, the item noted.
Daily Telegraph