Abu Dhabi state investor Mubadala sold a 4.5% stake in Oil Search Ltd for A$362.8 million ($274.82 million), the oil and gas producer said in a filing late on Thursday.
Mubadala, an investor since 2008, sold 94 million shares on Tuesday, the filing showed, lowering its stake to 4.94%, below the 5% threshold to be considered a substantial shareholder in Australia.