Shell Sells Out Of Woodside Petroleum For $2.7 Billion

摘要

Royal Dutch Shell Plc (NYSE: RDS.A) on Nov. 13 sold its entire stake in Australia’s largest independent oil and gas company Woodside Petroleum Ltd. for $2.7 billion as it pushes ahead with its vast disposal program. Shell, which has been slowly divesting its Woodside holding, initially said its Shell Energy Holdings Australia Ltd. (SEHAL) unit had struck a deal with two investment banks to sell 71.6 million Woodside shares for A$31.10 (US$23.79) apiece.