10:41 AM EDT, 04/05/2024 (MT Newswires) -- Shell (SHEL) and Saudi Aramco, which are competing to buy the assets of Temasek-owned Pavilion Energy, are in final talks over price negotiations, Reuters reported Friday, citing three unnamed people familiar with the matter.

The asset sale may fetch more $2 billion, the report said, citing two of the sources.

Shell, Pavilion Energy and Temasek declined to comment, while Aramco did not respond, Reuters said.

The companies did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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