Shell considers $2bn sale of stake in Queensland facilities
By Caoimhe Toman
Date: Wednesday 03 Jun 2020
(Sharecast News) - Royal Dutch Shell is considering raising more than $2bn from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, reported Reuters on Wednesday.
"Royal Dutch Shell plc ("Shell") is considering a sale of a 26.25% interest in the Queensland Curtis LNG ("QCLNG") Common Facilities - a multibillion dollar investment opportunity," the sale flyer seen by Reuters said.
Although Shell did not comment on the subject and said it was market speculation, a source close to the matter said that the stake could fetch between $2bn and $3bn.
The sale will be run by Rothschild & Co and is set to be completed this year.
Royal Dutch Shell stock was up 4,02% on Wednesday and was trading at 1,331p.
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