Yinson unit to sell Nautipa stake for RM188mil


PETALING JAYA: Yinson Holdings Bhd’s wholly-owned indirect subsidiary Yinson Production AS has entered into a share purchase agreement with Prosafe Production Public Ltd, a wholly-owned subsidiary of BW Offshore Ltd, to dispose of its entire equity interest in Nautipa AS for US$59.3mil (RM187.98mil).

The completion of the deal is conditional upon approval by Yinson shareholders.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , Yinson , BW Offshore , Prosafe

   

Next In Business News

Malaysia’s removal from US treasury monitoring list indicates balanced, transparent policies
Gold faces worst week in more than 3 years on bets of slower Fed easing
Malaysia's removal from US currency watch list affirms ringgit's market-driven status -Bank Negara Governor
China first to produce over 10m NEVs in a year
Bank Negara announces foreign exchange policy liberalisation for MDBs, qualified non-resident DFIs
Malaysian-led consortium makes offer for MAHB at RM11.00 per share
FBM KLCI slips below 1,600; GDP expands 5.3% in 3Q
Malaysia's economy grows 5.3% in 3Q
Sunway Property generates RM42mil in sales at Sunway Bayu pre-launch event
China's Oct data shows soft economic underbelly, backs calls for more stimulus

Others Also Read