Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina
12/06/2026 24:52
Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina June 12 (Reuters) - Woodside Energy WDS.AX said on Friday it had exercised its pre-emptive right to acquire a 10.67% stake in the Browse Joint Venture from PetroChina International Investment (Australia), blocking a deal previously agreed with Japan's INPEX 1605.T.
Under the terms of the transaction, Woodside will pay $225 million to PetroChina 601857.SS, along with reimbursement of cash call contributions made since June 30, 2025.
(Reporting by Roshan Thomas in Bengaluru; Editing by Subhranshu Sahu)
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