SBM Offshore Strategic Equity Swap with MISC Berhad

SBM Offshore NV (GB:0NIS) has released an update.

SBM Offshore NV has entered into agreements with MISC Berhad involving a strategic exchange of interests in two floating production storage and offloading (FPSO) entities, enhancing focus on their operating portfolio. The transaction includes SBM Offshore’s acquisition of MISC Berhad’s equity in the FPSO Espirito Santo in Brazil and the divestment of its interest in the FPSO Kikeh in Malaysia, pending regulatory approvals. SBM Offshore is a leading technology provider for the offshore energy industry, committed to delivering safe and sustainable energy solutions.

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