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Shell Faces Reduced Interest in New Zealand Assets, Review Says

By Robert Fenner

Sept. 3 (Bloomberg) — Royal Dutch Shell Plc may be getting less interest from bidders for its NZ$600 million ($404 million) worth of refinery and retail assets in New Zealand, the Australian Financial Review reported in its Street Talk column

Private equity firms that may bid for the assets have “thinned,” the newspaper reported, without saying where it got the information.

Caltex Australia Ltd. and closely held Gull have talked about their interest in the assets, the newspaper said.

To contact the reporter on this story: Robert Fenner in Melbourne [email protected]

Last Updated: September 2, 2009 17:58 EDT

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