Singapore’s Temasek shortlists Saudi Aramco, Shell in sale of Pavilion Vitality belongings
Enterprise & FinanceVitality
05 March 2024, 12:34 pm 1 minute
Reuters solely reported that Singapore’s Temasek Holdings has shortlisted power giants Shell and Saudi Aramco amongst a handful of firms to buy many of the belongings of liquefied pure gasoline (LNG) buying and selling agency Pavilion Vitality.
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The sale course of comes a decade after the state funding agency arrange Pavilion Vitality to give attention to LNG-related investments and takes place as spot Asian LNG costs have fallen greater than 40% since mid-August, doubtlessly weighing on the deal’s valuation.
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Subjects of Curiosity: Enterprise & FinanceVitality
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Sectors: Enterprise & FinanceCommodities & Vitality
Areas: Asia
Nations: Singapore
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