Shell’s selling its remaining stake in Australian energy group Woodside Petroleum

Clifford Chance has advised Royal Dutch Shell plc (Shell) on the sale of 111.8 million shares in Australian Oil and Gas company Woodside Petroleum Ltd.

At approximately AU$3.5 billion, the sale represents 100% of Shell’s interest in Woodside and 13.28% of the issued capital in Woodside.

Rothschild was financial advisor to Shell and UBS and Morgan Stanley were appointed as sale banks.

Clifford Chance has advised Shell on the deal with a team led by partner Lance Sacks (picture), supported by corporate counsel Amelia Horvath in Sydney, with partner Johannes Juette offering US securities law advice from Singapore.

 

Involved fees earner: Lance Sacks – Clifford Chance; Amelia Horvath – Clifford Chance; Johannes Juette – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Shell;