Movement in Pakistan with Shell LPG bids
Private equity in Pakistan has shown unprecedented activity with a competitive auction developing for Shell Petroleum's stake in Shell Gas Pakistan between JS Private Equity and local strategic Jamshoro Joint Venture Ltd, as well as a possible third bidder.
Reports inidicate that a third bidder, Power Gas Ltd., is also seeking the stake, but this may be an acquisition vehicle of one of the other two entities. Parent Shell announced earlier this year that...
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