vegassports-odds.com
vegassports-odds.com November 19, 2017


Shell sells entire Woodside Petroleum stake after institutions clamour for shares

14 November 2017, 02:00 | Melvin Schneider

Shell cuts interest in Woodside Petroleum to just under 5%

Shell share price Group offloads part of stake in Australia’s Woodside

Royal Dutch Shell is selling almost two-thirds of its stake in Woodside Petroleum, the largest independent energy group in Australia, for $1.7bn (£840m).

The desire to split has been mutual, with Woodside happy to remove the overhang that had capped its share price for years, and Shell steadily reducing its stake as part of its global asset sale, which has included Australian refineries and service stations.

Shell "A" shares were up 0.7% on Monday at 2,435.00 pence, with "B" shares up 0.7% at 2,475.00p. Due to strong demand from equity investors, however, Shell announced in a separate statement today it would sell 111.8 million shares for pre-tax proceeds of $2.7 billion (A$3.5 billion). The announcement came after Perth-based company's stock closed at $32.24. Sale proceeds will be used to reduce Shell's net debt, Jessica Uhl, chief financial officer of Shell, said in the statement.

Amazon announces Lord of the Rings prequel TV series
That is before the company have spent a single penny on any development, talent, production, or any advertising. And that's all that matters in the end to Bezos & Co.

American Heart/Stroke Association announces new blood pressure guidelines
And because of that, both the American Heart and Stroke Association have scrapped the classification of pre-hypertension. They recommend that those with hypertension use approved blood pressure monitors at home. " Normal hasn't changed.

Pakistan's fittest players fail to impress PSL franchises
In the second season, he played for Karachi Kings and could only manage 160 runs from nine matches at an average of 17.77. Neglecting the players like Fawad, Imam, Owais Zia, Shan and others over out of shape players like Azam is a tough call.

Investors in Woodside Petroleum will have to contend with the confirmation last night that Shell is about to sell most of its holding, with the rest not to far behind. This was further diluted to 23.08 percent after Shell decided not to participate in Woodside's dividend re-investment program.

Shell sold a 10 per cent interest in November 2010 and another 9.5 per cent in June 2014, taking its holding to just over 13 per cent.

Australia blocked a takeover bid by Shell for Woodside in 2001 on national interest grounds.



Other News

Trending Now

Transport NSW to announce Ferry McFerryFace as new Sydney ferry
The renaming of the ferry follows a public vote in the United Kingdom to name a new polar research ship Boaty McBoatface . The name is a variation on a joke that began with a similar competition for a British research vessel previous year .

Bublé plots United Kingdom comeback after son's cancer torment
SINGER Michael Bublé has announced his first United Kingdom date since his son was diagnosed with liver cancer last November. The fully seated concert will be the Grammy Award winner's only Irish show next year.

LeBron James, Cleveland Cavaliers take NY subway ride following Monday shootaround
James, now in his 15th season of National Basketball Association service, made a decision to document a portion of trip as well. Once LeBron turned his camera on the man, he stuck his hand out and say "Can you not" before getting up and moving seats.

Hate Crimes Up In 2016, FBI Statistics Show
The victim totals could include individuals, businesses, government entities or society as a whole. Crimes motivated by bias against Protestants and Eastern Orthodox Christians both declined.