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Shell, Blackstone working on $10 billion joint bid for BHP's U.S. shale assets - Sky News


(Reuters) - Royal Dutch Plc and American private equity firm are working on a joint bid for BHP Billiton Plc's U.S. shale assets for $10 billion, reported.

The shale auction is expected to lead to a deal later this year, said.

BHP had put up the U.S. shale assets for sale last year.

BHP declined to comment. and Blackstone could not be immediately reached for comment.

(Reporting by Sangameswaran S in Bengaluru; Editing by Susan Fenton)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 23:54 IST