Shell, Blackstone Plan $10 Billion Bid for BHP U.S. Shale Assets -Sky News
March 09 2018 - 4:00AM
Dow Jones News
--Anglo-Dutch oil company Royal Dutch Shell and U.S. private
equity company Blackstone Group are working on a $10 billion joint
offer to acquire miner BHP Billiton PLC's onshore U.S. shale
assets, Sky News reports, quoting banking sources.
--According to Sky News, BHP has said it is weighing a sale or a
separate listing for the division, which includes a number of
fields in the Permian Basin in the U.S.
--The acquisition would accelerate Shell's plans to increase its
exposure to shale, and partnering with Blackstone would give the
oil company additional financing strength to secure the deal,
reports Sky News.
Full story: http://bit.ly/2FtNm5N
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(END) Dow Jones Newswires
March 09, 2018 03:45 ET (08:45 GMT)
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