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Shell sells New Zealand interests to Austria's OMV

Reuters - UK Focus

March 15 (Reuters) - Royal Dutch Shell Plc (LSE: 0LN9.L - news) is selling stake in its New Zealand entities to OMV AG (IOB: 0MKH.IL - news) for $578 million, the company said on Thursday.

Shell (LSE: RDSB.L - news) has sold or agreed to sell over $25 billion of assets as part of a three-year programme to dispose of $30 billion by the end of 2018, following the acquisition of BG Group (EUREX: 1007667.EX - news) in 2016. (Reporting by Sangameswaran S in Bengaluru Editing by Alison Williams)