THE TIMES: Need to Know: Global Business Briefing: “CVC Capital Partners, the British private equity firm, will join Repsol, the Spanish oil and gas group, in the bidding for Royal Dutch/Shell’s liquefied petroleum gas business.” (ShellNews.net) 3 June 05
Edited by Neelam Verjee and Joe Bolger
Natural resources
up 0.5%
BP, the oil group, has awarded an engineering and design contract worth up to about $15 million (Ł8.3 million) to the John Wood Group, the oil services company, for the redevelopment of its Valhall oilfield in the North Sea.
Russia’s Norilsk Nickel accepted an invitation to join the board of Gold Fields, the world’s fourth-biggest gold producer, with a view to expansion.
Peter Hambro Mining revealed that Omchak, its Russian joint venture, had taken over a gold and silver deposit in eastern Russia for $2.2 million, as part of a drive to expand and diversify operations.
CVC Capital Partners, the British private equity firm, will join Repsol, the Spanish oil and gas group, in the bidding for Royal Dutch/Shell’s liquefied petroleum gas business.
Demand from India and the Asian region helped Vedanta Resources, the Indian metals producer, to beat forecasts for its full-year core earnings.
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