A catalyst, in the reduced state, comprising at least one support, at least one metal from group VIII of the periodic table, at least tin which is essentially present in the oxidized state, wherein when said catalyst is in the partially oxidised state at least a portion of the tin is in the form of a reduced species with oxidation state 0, said reduced species having an isomer shift IS in the range 0.80 to 2.60 mm/s and with a quadrupolar splitting in the range 0.65 to 2.00 mm/s, and wherein when said catalyst is in the partially oxidised state, said reduced species with oxidation state 0 represents at least 10% of the tin present in the catalytic mass.