Independent journal on economy and transport policy
19:33 GMT+2
Shell bids £4.3bn for rival oil giant
(BBC News)
April 2, 2002
Shell's bid has won the backing of the board at Enterprise, the UK's biggest independent oil explorer.
The deal would see Shell buy Enterprise's oil reserves, of 1.5 million barrels, for about $4 per barrel.
The offer accelerates a sector consolidation wave which last week saw Shell agree to pay $1.8bn (£1.3bn) for Pennzoil-Quaker State, the biggest ...... Read more on BBC News
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