Shell completes sale of stake in SADAF
Shell announced on Wednesday that it had completed the sale of its 50% share in SADAF, the company's joint venture with SABIC, following regulatory approval from the kingdom of Saudi Arabia.
AEX Index
874.48
08:00 09/09/22
1.33%
11.50
Cboe Brexit Low 50
15,476.47
16:30 14/11/24
0.47%
73.01
Cboe Europe 50
17,183.45
11:45 01/12/20
1.34%
227.98
Cboe Europe All Companies
51.58
11:45 01/12/20
1.13%
0.58
Cboe Europe Energy Sector
10,525.51
11:45 01/12/20
1.51%
156.74
Cboe UK 100
811.74
16:29 14/11/24
0.52%
4.19
Cboe UK 100 NTR
896.60
16:29 14/11/24
0.64%
5.71
Cboe UK 350
14,347.50
16:29 14/11/24
0.56%
79.30
Cboe UK 350 NTR
23,614.64
16:29 14/11/24
0.67%
157.96
Cboe UK All Companies
14,230.84
16:29 14/11/24
0.55%
78.36
Cboe UK All Companies NTR
24,100.51
16:29 14/11/24
0.67%
160.72
Cboe UK Energy Sector
10,030.25
16:29 14/11/24
0.82%
81.92
Cboe UK Energy Sector NTR
19,725.32
16:29 14/11/24
1.46%
283.27
FTSE 100
8,071.19
16:49 14/11/24
n/a
n/a
FTSE 350
4,459.02
16:38 14/11/24
n/a
n/a
FTSE All-Share
4,417.25
16:54 14/11/24
n/a
n/a
Oil & Gas Producers
7,938.55
16:38 14/11/24
0.88%
69.09
Royal Dutch Shell 'B'
1,900.40p
16:30 28/01/22
0.00%
0.00p
Royal Dutch Shell A
€22.80
07:57 01/02/22
0.00%
-€0.00
Royal Dutch Shell Plc
2,234.00p
16:30 01/10/24
0.00%
0.00p
Royal Dutch Shell Plc
2,282.00p
16:30 01/10/24
0.00%
0.00p
Shell 'A'
1,895.20p
17:05 28/01/22
-1.25%
-24.00p
Shell 'B'
1,894.60p
17:05 28/01/22
-1.24%
-23.80p
The $820m transaction was initially announced on 22 January 2017, but completion had been pending anti-trust filings in the relevant countries and Saudi approval.
Following the sale, Saudi Basic Industries Corporation would be able to optimise operations at SADAF and further invest in the facilities.
In turn, it would allow Shell to focus its downstream activities and to carry out selective investments to grow its global chemicals business.
Shell said the deal would not impact on its other interests in the Kingdom.