Irish firms eye Statoil empire

Financiers at Merrill Lynch, the London investment bank, began putting in some low-key calls in early January.

Ian Kehoe - avatar

Ian Kehoe

4th February, 2006

Financiers at Merrill Lynch, the London investment bank, began putting in some low-key calls in early January.

They had been recruited by Statoil to advise on the sale of its Irish service station and oil supply business, and the financiers wanted to gauge the temperature of potential bidders.

Maxol, the oil distribution company owned by the McMullan family, was one of the first names on their list, followed closely by Stafford Holdings, the family-owned conglomerate...

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