DataRoom AM: Shelling out

Shell may get more for its Australian assets than reports suggest, while investors laud Seek’s latest Asian foray.

Royal Dutch Shell’s downstream Australian assets have reportedly been hived off to global oil trader Vitol, but the speculation may be a little premature. If true, however, Shell has reason to feel dissatisfied with the final price.

Elsewhere, Seek presses on with its Asian expansion to the joy of shareholders, the $500 million float of iSentia gets pushed back, Australian banks may have a fresh Hong Kong target and Bega Cheese chases further dairy consolidation.


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