Royal Dutch Shell Plc  .com Rotating Header Image

Doubts about $3bn Shell-Woodside block trade

Screen Shot 2016-05-30 at 15.13.39

Bridget CarterMergers and Acquisitions Editor, Sydney

Gretchen FriemannMergers & Acquisitions Editor, Sydney

There was fresh talk in the market last week that a $3 billion block trade by Shell selling out of Woodside Petroleum could be imminent.

However, there were a number of analysts who dismissed the speculation, which they said would have been largely fuelled by the recent rise in the oil price.

They said a more likely deal was an exit by Spark Infrastructure from the $6bn Duet Group, and it could happen sooner rather than later.

The view is that the first strike against the remuneration report at the Spark annual general meeting this week provided a serious wake-up call to directors and now may appease investors eager for Spark to give up its 11.75 per cent interest in Duet by selling out swiftly.

Shell’s 13.28 per cent stake in Woodside Petroleum is currently worth about $3bn

and some of those sceptical that the trade was about to happen say that it would signal that the price Shell paid for British Gas deal was too high.

Shell is said to have maintained a bullish outlook about the oil price and its $US52bn BG takeover was thought to make sense with the oil price at about $90.

For the last sell-down in Woodside, Shell used investment bank Deutsche.


This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.