A group including commodity trader Glencore plc (LSE:GLEN) and Indonesian chemicals business PT Chandra Asri Pacific Tbk (IDX:TPIA) is in advanced talks to buy Shell plc (LSE:SHEL) assets in Singapore in a deal that could be worth about $1 billion, people with knowledge of the matter said. The parties are working on the details of a transaction that could be announced as soon as the coming weeks, according to the people, who asked not to be identified as the process is private. Shell?s Singapore assets include a refinery capable of processing 237,000 barrels of oil a day, a facility on Jurong Island that produces monoethylene glycol and an ethylene plant on Pulau Bukom.
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9,075 IDR | 0.00% | -0.27% | 49.09B | ||
2,772 GBX | -0.02% | -1.16% | 226B | ||
484 GBX | +0.10% | -2.63% | 74.97B | ||
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+7.80% | 226B | |
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-.--% | 52.31B | |
+29.71% | 51.82B | |
-6.28% | 49.87B | |
+25.68% | 37.73B |
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- Glencore Group Reportedly Nears Deal for Shell?s Singapore Oil Refinery