SapuraKencana's pipelay support vessel Sapura Onix at the IHC shipyard in 2015.
PETALING JAYA: Seadrill Ltd is seeking to sell up to RM815mil worth of shares in SapuraKencana Petroleum Bhd, marking its exit as a shareholder in the Malaysian oil and gas firm, sources say.
Seadrill is said to be seeking a valuation of between RM1.56 to RM1.66 per share for its block of some 490 million shares. This would represent a discount of between 6.2% and 11.9% to SapuraKencana’s closing price of RM1.77 in the open market yesterday.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
