US EditionShell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
- Shell has agreed to sell its refinery and petrochemical assets in Singapore to a joint venture between Chandra Asri Capital and Glencore Asian Holdings.
- The sale transfers Shell's interest to the joint venture company CAPGC, ensuring continuity for staff and operational reliability.
- CAPGC is majority-owned by Chandra Asri Group and minority-owned by Glencore, with Shell's assets including a refinery and ethylene plant in Singapore.
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17 Articles
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore.
Shell to sell Singapore refinery, petrochemical assets to Chandra Asri and Glencore
SINGAPORE: Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore to a joint venture between Indonesia's Chandra Asri Capital and Glencore Asian Holdings.
Shell vende activos en Singapur a una 'joint venture' de Glencore y Chandra
Shell venderá su participación en el Parque Energético y Químico de Singapur a CAPGC, una empresa conjunta entre Chandra Asri Capital y Glencore Asian Holdings, según han informado la compañía sin revelar los detalles financieros de la transacción. La venta, que podría completarse a finales de 2024, se ha materializado tras un proceso de licitación competitivo, después de que Shell anunciara en junio de 2023 una revisión estratégica de sus activ…
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