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<blockquote data-quote="lkdood" data-source="post: 7675576" data-attributes="member: 92282"><p><strong>Sri Lanka’s government said it plans to take over the local unit of Royal Dutch Shell Plc, Europe’s largest oil company, with the purchase of a 51 percent stake that it doesn’t already own.</strong></p><p><strong></strong></p><p><strong></strong> <strong> The government has formed a committee made up of officials from four ministries, including power and petroleum, that will negotiate with Shell, Cabinet spokesman Keheliya Rambukwella told reporters in Colombo today. The state currently owns a 49 percent stake in Shell Gas Lanka Ltd., the island’s largest retailer of liquefied petroleum gas.</strong></p></blockquote><p></p>
[QUOTE="lkdood, post: 7675576, member: 92282"] [B]Sri Lanka’s government said it plans to take over the local unit of Royal Dutch Shell Plc, Europe’s largest oil company, with the purchase of a 51 percent stake that it doesn’t already own. [/B] [B] The government has formed a committee made up of officials from four ministries, including power and petroleum, that will negotiate with Shell, Cabinet spokesman Keheliya Rambukwella told reporters in Colombo today. The state currently owns a 49 percent stake in Shell Gas Lanka Ltd., the island’s largest retailer of liquefied petroleum gas.[/B] [/QUOTE]
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