Royal Dutch Shell Confirms Intention To Take Up Woodside Share Offer
Woodside Petroleum Ltd, an Australian-listed exploration & production company focused on Australian LNG, has announced an entitlement offer of new shares today.
At present, Shell Energy Holding Australia Limited ("Shell") has a 34.27% stake in Woodside. Shell confirms that it has accepted the offer which will cost A$862.5 million, so that it will maintain its 34.27% stake.
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