Nov 13 (Reuters) - SHELL RDSa.L :
* SHELL FURTHER REDUCES ITS INTEREST IN WOODSIDE
* ANNOUNCES AN AGREEMENT TO SELL PART OF ITS STAKE IN WOODSIDE PETROLEUM LIMITED (WOODSIDE) TO EQUITY INVESTORS
* UNDERWRITING AGREEMENT WITH TWO INVESTMENT BANKS FOR THE SALE OF 71.6 MILLION SHARES IN WOODSIDE, AT A PRICE OF A$31.10 PER SHARE.
* EXPECTS DEAL TO RESULT IN TOTAL PRE-TAX PROCEEDS OF APPROXIMATELY $1.7 BILLION (A$2.2 BILLION)
* SALE OF 71.6 MILLION SHARES IN WOODSIDE, REPRESENTS 64.0% OF ITS INTEREST IN WOODSIDE AND 8.5% OF THE ISSUED CAPITAL IN WOODSIDE
* UPON COMPLETION OF THE SALE, SEHAL WILL CONTINUE TO OWN A 4.8% INTEREST IN WOODSIDE.
* UNIT SEHAL HAS AGREED THAT IT WILL NOT DISPOSE OF ANY OF ITS REMAINING SHARES IN WOODSIDE FOR A MINIMUM OF 90 DAYS FROM COMPLETION OF THE SELL-DOWN Source: http://go.shell.com/2zzvWVG Further company coverage: RDSa.L
(Bangalore.newsroom@thomsonreuters.com)