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Shell, Aramco said to be in final stage of talks to buy Temasek-owned LNG firm
The Straits Times
|April 09, 2024
Both in price negotiations over Pavilion Energy’s assets, which could fetch over 2.7b
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Shell and Saudi Aramco, which are competing to buy the assets of Temasekowned liquefied natural gas (LNG) trading firm Pavilion Energy, are now locked in price negotiations after completing the due diligence process, three sources with knowledge of the matter said.
The potential sale comes a decade after Singapore's investment company set up Pavilion Energy to focus on LNG-related investments.
The assets could fetch more than US$2 billion (S$2.7 billion), two of the sources said.
Pavilion Energy, Shell, Temasek and Barclays, which is advising Temasek, all declined to comment.
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