- XRG acquires Shell's 16.67% NWS stake for $1.45B
Macquarie says XRG's $1.45 billion acquisition of Shell's 16.67% stake in the North West Shelf gas-export facility implies a $4.35 billion valuation for Woodside's 50% stake, above the $1.60 billion embedded in its A$32.60 price target. Woodside holds investor day tomorrow. Stock closed at A$32.24.
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