The Sunday Business Post (Ireland): Unsuccessful Shell bidder demands re-run of bid process: “Mandraki wants Shell to either re-run the bid process, or to pay it €1.5 million for wasted bid costs, as well as a ‘further significant sum’ in compensation. It said it would take legal action if Shell did not agree to re-run the process or pay the compensation.”: Sunday 04 December 2005

By Laura Noonan and Gavin Daly

A company that bid unsuccessfully for Shell's retail and commercial business in Ireland has written to Shell demanding multi-million-euro compensation and that the bid process be re-run.

Dublin company Mandraki Associates wrote to Shell two weeks ago, claiming it was unfairly disadvantaged in the process, which was won by a consortium led by Ion Equity in Dublin. The takeover by the Ion-led consortium was completed last Wednesday.

Mandraki wants Shell to either re-run the bid process, or to pay it €1.5 million for wasted bid costs, as well as a “further significant sum'‘ in compensation. It said it would take legal action if Shell did not agree to re-run the process or pay the compensation.

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