Sembcorp Marine says currently not bidding for STX OSV

Sembcorp Marine, the world’s second largest rig-builder, said on Wednesday it has not made a bid for a 50.75% stake in Singapore-listed STX OSV Holdings, reported Reuters.

“Sembcorp Marine wishes to state that currently it is not making a bid for the stake in STX OSV. Sembcorp Marine evaluates investment opportunities from time to time and will make the necessary announcements when appropriate,” the company said in a statement.

A source familiar with the firm told Reuters on Tuesday that the company is considering bidding for the stake, valued at US$603 million ($773 million).

STX separately said it had chosen JPMorgan and Standard Chartered to manage the sale. The news drove STX OSV shares higher.