Kevin Gallagher Sells 213,205 Shares of Santos Limited (ASX:STO) Stock

Kevin Gallagher is a former Australian politician who served as the Treasurer of Western Australia from 2008 to 2013. He was also a member of the Legislative Assembly for the electorate of Kalgoorlie-Midland from 2005 to 2017.

On August 24, 2021, it was reported that Gallagher had sold 213,205 shares of Santos Limited (ASXSTO) for a total value of AUD 6.9 million. Santos is an Australian energy and resources company that operates in the oil and gas industry. The company has operations in Australia, Papua New Guinea, and Brazil.

Gallagher's sale of Santos shares was made through his investment company, Gallagher Investments Pty Ltd. The sale was disclosed to the Australian Securities and Investments Commission (ASIC) under the continuous disclosure requirements of the ASX.

It is worth noting that Gallagher had previously held a significant stake in Santos, with a total holding of 2.4 million shares as of December 31, 2020. However, it is not clear what prompted him to sell such a large portion of his shares.