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Shell draws interest from bidders including Exxon for $8 billion US chemical assets, FT reports
- Exxon, Lyondell, private equity firm Apollo and the chemicals arm of state-owned Kuwait Petroleum Corporation have expressed interest in the assets
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Oil major Shell has drawn interest from potential bidders including Exxon and LyondellBasell for its US chemical assets, which could fetch as much as $8 billion, the Financial Times reported on Monday, citing people familiar with the matter.
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Exxon, Lyondell, private equity firm Apollo and the chemicals arm of state-owned Kuwait Petroleum Corporation have expressed interest in the assets, the report added.