11:02 AM EDT, 05/24/2024 (MT Newswires) -- (Updates with Trafigura's response in the sixth paragraph.)

Shell's (SHEL) downstream assets in South Africa may attract bids from Abu Dhabi National Oil Co. and Aramco, Bloomberg News reported Friday, citing unnamed sources familiar with the matter.

South Africa's Sasol is also separately mulling an offer for the business, which may be valued at more than $800 million, the report added.

Puma Energy, a unit of Trafigura Group, and Glencore are also among potential bidders that may evaluate Shell's assets before a bid deadline, the report said, citing the sources.

Deliberations are in the early stages and other bidders may also join, the sources told Bloomberg.

A Shell spokesperson told Bloomberg that the company has been contacted "by several highly credible parties," without naming the bidders.

Puma Energy and Trafigura declined MT Newswires' requests for comment, while Shell, Abu Dhabi National Oil, Aramco, Glencore, and Sasol did not respond.

(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.)

Price: 71.02, Change: +0.64, Percent Change: +0.92