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The Times: Stop Press: Shell weighs sale of Dominican assets

July 17, 2006

EXTRACT: Royal Dutch Shell will consider selling its Dominican assets, including a 50 per cent stake in the Caribbean nation’s sole oil refinery, the group said.
 
THE Times Stop Press Article

RBS prepares Enron settlement offer 
 
Royal Bank of Scotland (RBS) is thought to be preparing to offer as much as $200 million (£110 million) to settle a lawsuit by shareholders of Enron. The bank, which is accused of helping the failed energy group to hide its accounting fraud, is seeking to draw a line under the episode. US banks including Citigroup and JPMorgan recently agreed a $6.6 billion settlement.

Imperial College’s 50-year bond

Imperial College London, which specialises in scientific research, is set to raise £50 million for new student facilities by the issue of a 50-year bond. It marks the biggest such deal for a British university, covering the longest time period. Imperial, which has previously issued a 30-year bond, said that the latest bond enabled it to borrow at the most competitive rates.

Shell weighs sale of Dominican assets

Royal Dutch Shell will consider selling its Dominican assets, including a 50 per cent stake in the Caribbean nation’s sole oil refinery, the group said. The Anglo-Dutch company administers 137 service stations and maintains fuel distribution equipment and facilities in the country, where it has operated for nearly 80 years.

Carlyle’s $1.8bn for Asian buyout fund

Carlyle Group, the American private equity firm, has raised $1.8 billion (£980 million) for its second Asian buyout fund. The money raised will be used for buyouts and investments in Australia, China, India, South Korea and South-East Asia. In the past 12 months, Carlyle has raised $4.8 billion to invest in the region, including $1.9 billion specifically targeted at Japan.
 

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