Shell (RDS.A -1.6%) plans to sell around a third of its stake in Woodside Petroleum (WOPEY.PK)...

|By:, SA News Editor

Shell (RDS.A -1.6%) plans to sell around a third of its stake in Woodside Petroleum (WOPEY.PK) for $3.3B, and will hold its remaining 24.3% stake for at least a year unless there's a takeover. The surprise move follows speculation BHP (BHP) might consider Woodside following the collapse of its Potash (POT) bid.