Shell makes billion-dollar divestment

The oil giant secures USD 2.5bn from an LNG asset as part of a larger divestment process.

Photo: Marcos Brindicci/REUTERS / X90087

Fund manager Global Infrastructure Partners and oil supermajor Shell has secured the final approval from authorities for the former to take over a stake of 26.25 percent in an Australian LNG project from the latter.

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Shell accelerates transition, though there are blind spots
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Shell divests further, forced to book new big impairment
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