Exclusive-Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say [Yahoo! Finance Canada]
IBERDROLA SA S/ADR (IBDRY)
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Source: Yahoo! Finance Canada
SINGAPORE/LONDON (Reuters) - Singapore's Temasek Holdings is finalising the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said. The deal will provide Shell, already the world's top LNG trader, with access to gas markets in Europe and Singapore as it aggressively expands its LNG footprint after raking in billions of profits last year. The deal's value will be in the hundreds of millions of U.S. dollars, one of the sources said. That would be below what Temasek had originally sought from the sale. ADVERTISEMENT Reuters reported in April that Shell and Saudi Aramco had been in advanced talks to buy the assets from Temasek which had sought to fetch more than $2 billion from the deal. The sources declined to be identified as they were not authorised to speak with media. Temasek, Pavilion Energy and Shell declined to comment. The deal comes
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