Glencore-Macquarie Said to Exit Race for Shell Australia Assets

Feb. 13 (Bloomberg) -- Macquarie Group and Glencore Xstrata dropped out of bidding for Shell’s Australian oil refinery and filling stations, according to four people with knowledge of the matter

* Grouping led by Vitol, the world’s largest independent oil

trader, remains in the running, said the people, asking not

to be identified as the details are private * Macquarie and Glencore, who were bidding together, would be

open to restarting talks with Shell should its negotiations

with Vitol fail, one person said * The assets Shell is selling include storage terminals,

filling stations and an oil refinery in Geelong, south of

Melbourne; a deal may be reached as soon as this month, one

of the people said * Spokesmen for Vitol, Macquarie and Glencore declined to

comment, as did Paul Zennaro, a Melbourne-based spokesman

for Shell’s Australian business

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