New York-listed containership-owner Seaspan Corporation is planning to invest $200 million in financially troubled Singapore-based offshore services company Swiber, which could see a recovery on the back of the deal, writes Anamaria Deduleasa.
Seaspan would invest an initial $20 million in cash for new ordinary shares, which will give it control of 80% of Swiber’s enlarged share capital.
In a second stage, the company proposes to invest $180 million by subscribing to new shares to be issued by Swiber’s wholly owned subsidiary, Equatoriale Energy.
