DataRoom AM: Shell clean-up

Shell’s divestments look set to continue, while David Jones reportedly prepares for a chin-wag with Myer.

Royal Dutch Shell is offloading Australian assets at will, with the latest move a decision to sell its downstream assets to Europe’s Vitol. And while Shell might not be done selling Down Under, Vitol is definitely not finished buying.

Elsewhere, David Jones engages with Myer Holdings on a $3 billion merger proposal, Fairfax Media and Macquarie Radio Network again fail to seal a radio tie-up and Monadelphous Group may capitalise from Forge Group’s misfortune.


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