Shell sells Woodside stake

Shell's Chief Financial Officer Jessica Uhl.

Shell's Chief Financial Officer Jessica Uhl.

Shell’s Australian subsidiary, Shell Energy Holdings Australia Limited, will sell its 13.28 per cent stake in Woodside Energy for US$2.7 billion (AU$3.5 billion).

Shell has recruited two investment banks to assist with the sale of its Woodside stake, which is expected to be completed today, with settlement expected on Thursday.

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