Maurel Takeover by Shell Would Make Sense, CEO Tells Investir

A takeover of Etablissements Maurel & Prom SA (MAU) by Royal Dutch Shell Plc (RDSA) would make sense, Investir newspaper reported, citing an interview with Maurel’s chief executive.

“In theory, a Shell offer would make sense,” Jean- Francois Henin told the weekly newspaper after saying last week he wasn’t approached by Shell. A rumored offer price of 19 euros ($24) a share would be a “high” level, according to the CEO. “We’ve always said we would be ready to sell Maurel & Prom under two conditions: The price of course and an assurance to keep all current staff,” he told Investir.

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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