Shell Aims to Sell 35% Stake in Abadi LNG Project for $1 Billion -Reuters
May 03 2019 - 8:59AM
Dow Jones News
--Royal Dutch Shell PLC (RDSB.LN) is looking to sell its 35%
stake in the $15 billion Abadi liquefied natural gas project in
Indonesia, Reuters reports, citing unnamed sources.
--Shell is looking to raise around $1 billion from the sale of
its stake to help pay for its $54 billion purchase of BG Group in
2015.
--A spokeswoman from Shell declined to comment.
Full story: https://reut.rs/2PJaZ0d
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(END) Dow Jones Newswires
May 03, 2019 08:44 ET (12:44 GMT)
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