Woodside Eyes Veba Assets

Woodside said it has investigated a number of potential acquisitions to give it a platform for future growth. "This investigation identified the Veba assets as a suitable target, and Woodside has expressed interest in acquiring these assets," it said in a statement. Woodside would try to raise A$1 billion (US$520 million) in fresh equity if it won a bid for Veba, which it put at US$2 billion. Bids for the Veba assets closed in mid-January with a number of other parties also expressing interest. "Negotiations leading to the execution of a sale and purchase agreement are likely to continue for some time," Woodside said.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles

Brent Crude Oil : $52.96/BBL 1.03%
Light Crude Oil : $50.35/BBL 1.69%
Natural Gas : $3.19/MMBtu 0.63%
Updated in last 24 hours