Woodside shares jump on sale of LNG stake for $2 bln

SYDNEY Mon Apr 30, 2012 8:15pm EDT

SYDNEY May 1 (Reuters) - Shares in Australia's Woodside Petroleum jumped nearly 4 percent on Tuesday after it agreed to sell a 14.7 percent stake in its Browse LNG project to Japan's Mitsui & Co and Mitsubishi Corp for $2 billion.

Woodside's shares touched a high of A$36.30 and last traded up 3.9 percent at A$36.27 after the announcement.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Retirement Road Map