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Essar to consider Shell refinery buy in May or June

Reuters UK

Thu Apr 8, 2010 8:16am BST

MUMBAI, April 8 (Reuters) – Indian conglomerate Essar Group will consider buying European oil refineries from Royal Dutch Shell (RDSa.L) in May or June, a top official said on Thursday.

Prashant Ruia, chief executive officer of Essar Group, said the company would consider the acquisition after a planned listing in London of Essar Energy to raise about $2.5 billion.

(Reporting by Pratish Narayanan and Sumeet Chatterjee; Editing by Surojit Gupta)

REUTERS ARTICLE

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