Royal Dutch Shell (RDS.A, RDS.B) is unlikely to proceed with the planned sale of its holding in...

|About: Royal Dutch Shell plc (RDS.A)|By:, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) is unlikely to proceed with the planned sale of its holding in Australia’s Woodside Petroleum this year as it refuses to sell too low, CFO Simon Henry says. Shell is Woodside’s largest shareholder, with a 23% stake; it sold a 10% stake in 2010 at A$42.23/share, but Woodside stock closed yesterday at A$37.66.