Sevan Marine has reached deals with Teekay Offshore and Sembcorp Marine (Sembmarine) that will see the former sell out of the Norwegian floater technology player and the latter raise its offer price for a recent asset purchase agreement, writes Eoin O'Cinneide.
Canadian offshore contractor Teekay is selling its entire 43.5% stake in Oslo-listed Sevan on a pro rata basis to the latter’s existing shareholders as part of a pact that will see the pair set aside their differences in a long-running legal battle.
