By LNG World News Image courtesy WoodsideRoyal Dutch Shell has upsized its previously announced agreement to sell shares in Woodside Petroleum following strong demand from institutional investors.
Earlier today, the company said its unit, Shell Energy Holdings Australia Limited (SEHAL) will sell 71.6 million shares in Woodside, representing 64 percent of its interest in Woodside and 8.5 percent of the issued capital in Woodside, at a price of A$31.10 per share.
However, due to the demand, the company decided to sell a total of 111.8 million shares, representing 13.28 percent of the issued share capital of Woodside and the entirety of SEHAL’s total shareholding in
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