Tuesday, January 17, 2012

Sembcorp Marine reviewing STX OSV stake

Sembcorp Marine, the world’s second largest rig-builder, is considering buying the 50.75% stake in Singapore-listed vessel builder STX OSV Holdings but has not yet taken a final decision, a source close to the deal told Reuters.

“We are doing some review on this,” the source told Reuters on Tuesday. The company was not immediately available to comment.

The stake is worth around US$603 million ($775 million), according to Reuters data.

Earlier on Tuesday, South Korea’s STX Group said it had chosen JP Morgan and Standard Chartered to manage the sale of stake in STX OSV Holdings amid ongoing fundraising efforts.

Online news outlet MoneyToday reported that Keppel and Sembcorp Marine were strong candidates to buy the stake.


 

No comments:

Post a Comment