Royal Dutch Shell Plc  .com Rotating Header Image

Shell to sell part of its Woodside Petroleum stake for $1.7 billion

Reuters Staff: NOVEMBER 13, 2017

LONDON/SYDNEY (Reuters) – Royal Dutch Shell is selling part of its stake in Australia’s largest independent oil and gas company, Woodside Petroleum Ltd, to equity investors for about $1.7 billion.

Shell, which has been slowly divesting its Woodside holding, said on Monday its Shell Energy Holdings Australia Limited (SEHAL) unit had struck a deal with two investment banks over the sale of 71.6 million Woodside shares for A$31.10 ($23.79) apiece.

The oil major said that represented 64 percent of its interest in Woodside and 8.5 percent of the issued capital in Woodside. FULL ARTICLE

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

0 Comments on “Shell to sell part of its Woodside Petroleum stake for $1.7 billion”

Leave a Comment

%d bloggers like this: