OSLO, NORWAY: BW Offshore has signed an agreement for the sale of the FPSO Polvo to BW Energy for a total consideration of USD 50 million. The sale will be completed no later than July 24, 2023. BW Energy has the option to complete the transaction before that date. If the transaction is completed early,…
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BW Offshore to sell 7.8% holding in BW Energy
OSLO, NORWAY: BW Offshore Limited (BWO) has retained Citigroup Global Markets Limited and Pareto Securities AS to explore a potential block sale of existing shares in BW Energy Limited (BWE) through a private placement. BW Offshore Limited is contemplating selling 20 shares in BWE Energy, representing approximately 7.8 per cent of the shares outstanding in…