Royal Dutch Shell has revived plans to dispose of its European liquefied petroleum gas business, four years after a failed attempt to sell the assets.
The Anglo-Dutch oil group has appointed Credit Suisse to advise on an auction, according to four people with knowledge of the decision, report the FT's Anne-Sylvaine Chassany, Anjli Raval and Arash Massoudi in London.
The sale could fetch a valuation of as much as €1bn and is expected to attract bids from private equity groups as well as trade buyers, they said.
Royal Dutch Shell declined to comment.
Buyout groups that had submitted bids for the unit in 2010 included PAI Partners, CVC Capital, Ardian, First Reserve and Advent International. The assets are dominated by the Paris-based Butagaz business.