Transocean unit offers equity stake

Offshore contractor Transocean said it plans to sell a minority equity interest in its UK North Sea subsidiary known as Caledonia Offshore Drilling.

Splitting off: Transocean, led by Steven Newman, looks to raise cash for UK North Sea unit
Splitting off: Transocean, led by Steven Newman, looks to raise cash for UK North Sea unit
Published 16 October 2014, 22:15Updated 16 October 2014, 22:15
Europe