Deal Snapshot
SHELL UPSIZES SELL DOWN OF SHARES IN AUSTRALIA´S WOODSIDE
Tuesday 14 November 2017

Anglo-Dutch oil and gas major Royal Dutch Shell's (NYSE: RDS.A) Shell Energy Holdings Australia Ltd business has upsized its previously reported agreement to sell shares in Woodside Petroleum Ltd. following strong demand from institutional investors, the company said.
A total of 111.8m shares were agreed to be sold, representing 13.28% of the issued share capital of Woodside and the entirety of SEHAL's total shareholding in Woodside, for total pre-tax proceeds of USD 2.7bn (AUD 3.5bn). Completion is expected to take place on 14 November 2017, with settlement expected on November 16, 2017.


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Details
Date Published: 14/11/2017
Target: Woodside Petroleum/13.28% stake
Country: Australia
Deal Size: 2.7bn (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Divestment
Financing: Cash
Status: Agreed
Vendor: Shell Energy Holdings Australia
Buyer: Institutional investors
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