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Shell's Woodside sell-off overdue

The writing was on the wall, and has been for more than a decade. Royal Dutch Shell’s divestment of most of its 23 per cent stake in Woodside Petroleum last week surprised few in the business community.

The Dutch company became logged with a third of Woodside’s issued capital after (then) treasurer Peter Costello knocked back a takeover bid in December 2000.

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