Daily News: Shell plans to raise more than $2bn by selling a stake in its Australian LNG facility
Pub Date:Jun 08,2020 | Views:722 |
Shell plans to raise more than $2bn by selling a stake in its Australian LNG facility
Jun. 04, 2020 (Reuters) - Royal Dutch Shell is considering selling its 26.25 percent stake in general facilities at its Queensland Curtis liquefied natural gas plant in Queensland, Australia, to raise more than $2 billion, according to a sale flyer it has obtained.
The deal, run by Rothschild&Co, is scheduled to close in 2020 and is described as a "multi-billion dollar investment opportunity", according to the leaflet.
Royal Dutch Shell cut its dividend to 16 cents from 47 cents in the fourth quarter and suspended a share buyback programme as global oil demand fell because of the covid-19 outbreak.
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