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Sri Lanka to buy gas stake

Jun 17, 2010 10:17:33 AM - yahoo.com
COLOMBO - SRI Lanka plans to buy back a majority stake in the nation's main gas network owned by Anglo-Dutch group Shell as part of a re-nationalisation programme, a minister said on Thursday. The cabinet has approved a bid for the 51 per cent of Shell Gas Lanka Ltd, formerly the Colombo Gas Company, which was sold to Shell for US$37 million dollars (S$51.5 million) 15 years ago.