SDRL - Seadrill completes the integration of the tender rig business into SapuraKencana
(Thomson Reuters ONE) -
Hamilton, Bermuda, April 30, 2013 - We refer to the press releases dated
November 5, 2012, and February 11, 2013, which announced the transaction to
integrate Seadrill Limited's ("Seadrill") tender rig division into SapuraKencana
Petroleum Berhad ("SapuraKencana") and the signing of the conditional Sale and
Purchase Agreement ("SPA") between the parties.
Seadrill and SapuraKencana have today completed the previously announced
transaction pursuant to the conditional SPA.
The agreed upon acquisition price is for an enterprise value of US$2.9 billion,
which includes cash, SapuraKencana shares, all debt in the tender rig business,
and Seadrill's future capital commitments for newbuilds.
The incremental 400.8 million shares received by Seadrill today bring Seadrill's
equity holding to approximately 12 percent of the outstanding shares of
SapuraKencana. At today's closing share price of RMB3.18, Seadrill's total
shareholding will have a gross value of approximately US$753 million. In
addition, John Fredriksen, Chairman of Seadrill Limited, is a nominee to the
Board of Directors of SapuraKencana.
John Fredriksen, Chairman, President and Director of Seadrill says in a comment,
"We are pleased to have completed this important transaction with our long-term
partner, SapuraKencana. We look forward to support the integration of the tender
rig fleet in order to facilitate a smooth and orderly transition for the
customers. This transaction will free up significant financial flexibility for
Seadrill, and the proceeds will as previously stated be used over time to
continue to aggressively grow our modern ultra-deepwater and jack-up exposure."
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1698152]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2013 - 18:47 Uhr
Sprache: Deutsch
News-ID 254663
Anzahl Zeichen: 2549
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SDRL - Seadrill completes the integration of the tender rig business into SapuraKencana"
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