The Nation



PTT denies bid for Shell's stations in Australia

PTT denied a media report on Thursday that the company was bidding for Royal Dutch Shell's Australian service stations, according to Reuters.

The news agency quoted a senior official as saying "We are not getting involved in the deal. We are doing nothing."

The Australian Financial Review reported that the battle for Royal Dutch Shell's Australian service stations is heating up, with three consortia in the final stages of a US$3 billion auction. The daily said that the three consortia involve global investors as Ontario Teachers' Pension Plan, the Abu Dhabi ­Investment Council, and the consortium of Macquarie Group and PTT.

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