Sir Bill set for £10m oil deal

A FORMER Scotland rugby star turned industrialist is on the brink of securing the most profitable sale of assets ever made by a Scottish company.

Sir Bill Gammell should net a personal cash payout of about 10 million if a deal to sell a controlling stake in an Indian oil and gas business company goes ahead on Monday, it was reported today.

Directors of Edinburgh-based Cairn Energy plan to sell their stake in the Indian arm for about 5.2 billion.

The flourishing Indian operation has been created as a result of Cairn buying acreage on the subcontinent for just $7 million from Shell.