Shell divests part of Woodside stake
Australia The sale, expected to close on November 14, 2017, would leave Shell with a 4.8% stake in Woodside.
“This sale is another step towards the completion of our three-year, USD 30-billion divestment programme, which is an important part of our strategy to reshape Shell, to deliver a world-class investment case, and to strengthen our financial framework,” Shell CFO Jessica Uhl said in a statement. “Proceeds from the sale will contribute to reducing our net debt.”
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