Woodside stake may be split if Shell sells out

mercredi 25 décembre 2013

A Shell logo is seen at a petrol station in London Royal Dutch Shell's (RDSA.L) 23.1 percent stake in Australian oil and gas group Woodside Petroleum (WPL.AX) is seen as more likely to be split up and/or sold to institutional shareholders than to go in one piece to a strategic buyer, bankers said. The holding, worth about $6.4 billion and left over from Shell's abortive attempt to acquire Woodside in 2001, has long been viewed as non-core to Shell. Shell and Woodside declined to comment on its future. Meanwhile, a strategic buyer such as one of China's top oil companies or the national oil companies (NOCs) of gas-hungry countries such as India or Thailand might be put off by Shell's experience with the Australian government when it tried to take full control of Woodside in 2001.








via Business News - Yahoo Finance http://finance.yahoo.com/news/woodside-stake-may-split-shell-081013239.html

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