10:06 AM EDT, 05/08/2024 (MT Newswires) -- (Updates with additional details in the third and fourth paragraphs.)

Shell's (SHEL) Shell Singapore unit has reached an agreement to sell its Energy and Chemicals Park in Singapore to a joint venture of Glencore Asian Holdings and Chandra Asri Capital, the oil company announced Wednesday.

Financial details of the deal were not disclosed.

The deal is expected to close by the end of the year, Shell said.

Shell sad Energy and Chemicals Park workers will continue their employment with the CAPGC joint venture.

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