Financial woes for SBM lead to talk of sell-off

Change: SBM chief executive Tony Mace will step down at the end of this year

SBM

By Iain Esau and Anthony Guegel London and Houston

 28 October 2011 00:39 GMT

SBM Offshore is considering whether to sell all or part of its GustoMSC division, Upstream has been told, after being forced to take a $450 million financial hit this year on projects in which the Dutch engineering division was involved.

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