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Mauritius Suspends Shell Shares on Reports of Vitol-Helios Deal

By Kamlesh Bhuckory – Feb 18, 2011 5:31 AM GMT+0000

The Stock Exchange of Mauritius said it has suspended trading of Royal Dutch Shell Plc’s Mauritian unit’s shares, according to a statement published on the bourse’s website.

The suspension follows an article published in Le Mauricien newspaper Feb. 17 stating that Shell Mauritius Ltd. had reached a buy-out agreement with Vitol-Helios Investment, the Port-Louis based bourse explained.

Shell has been requested to publish a press release “to inform shareholders and the public in general of the status of any agreement currently being discussed by Shell and the outcome thereof, if any”, the Stock Exchange of Mauritius said.

Dealings are suspended until the statement is published or until such date as shall be communicated by the exchange, the bourse said.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at [email protected]

To contact the editor responsible for this story: Agnes Nikoi at [email protected]

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