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Stock impact report

Glencore, PT Chandra Asri nears $1bn deal for Shell's Singapore assets [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
This potential deal could be valued at around $1bn. The entities are working out the details of the deal and an official announcement could be made in the coming weeks. Shell's assets in Singapore include a refinery with a daily capacity of 237,000 barrels per day (bpd), and a one-million-tonne-per-year ethylene plant on Bukom Island. The assets also includes a mono-ethylene glycol production facility on Jurong Island in the Southeast Asian city-state's west. According to sources, under the proposed terms, PT Chandra Asri Pacific would take on the role of operator and as majority owner of the assets. Glencore would maintain a non-operating minority stake in the assets. Despite the advanced nature of the discussions, the outcome remains uncertain, with other potential bidders still showing interest in Shell's assets, according to the sources. Shell initiated a strategic review of energy and chemicals assets on Bukom and Jurong islands in 2023. These facilities have bee Show less Read more
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