SHELL SELLS DOWN WOODSIDE STAKE
By AAP | 08.11.2010 06:25 PM
Royal Dutch Shell is to sell almost one-third of its 34 per cent stake in Woodside Petroleum Ltd to focus instead on its own projects.
Shell's Australian subsidiary, Shell Energy Holdings Australia Ltd, has agreed to sell 78.34 million Woodside shares, 10 per cent of Woodside's total issued capital, to other investors.
The sale will reduce Shell's stake in Woodside 24.3 per cent.
The Woodside shares are to be sold at $42.23 per share, netting Shell over $33 billion.
Woodside shares closed at $45.86 on Monday.
"With Shell's recent portfolio progress in Australia, our worldwide push to simplify the company and to improve our capital efficiency, we will increasingly focus our investment in Australia through direct interests in assets and joint ventures, rather than indirect stakes," Shell chief executive Peter Voser said in a statement.
Shell has committed to holding on to its remaining Woodside stake for at least one year.
- Forums
- ASX - By Stock
- NXS
- shell cashed up and on the prowl
shell cashed up and on the prowl
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NXS (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $58.43M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $13.88K | 69.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8044 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8044 | 0.195 |
2 | 17957 | 0.190 |
5 | 76783 | 0.185 |
6 | 118894 | 0.180 |
2 | 23800 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 5000 | 1 |
0.230 | 1298 | 1 |
0.240 | 41438 | 1 |
0.245 | 400 | 1 |
0.250 | 28990 | 2 |
Last trade - 14.20pm 08/10/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |