The review process could result in a sale by Swedish private equity investor Altor, which currently holds a dominant 73% shareholding in the Oslo-listed oilfield services group, of part or all of its stake in the division as funding for its investment is due to expire in 2015, chief financial officer Svein Sollund told Upstream.
AGR Petroleum Services, which now effectively accounts for most of the group’s activities after the earlier divestment of other divisions, could alternatively be spun off into a separately listed entity or become part of a “new constellation” with a competitor, he added.
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