SBM Offshore aims to finalise by the end of the year the sale of a large stake in its Mero-2 floating production, storage and offloading unit that will work for Petrobras off Brazil, writes Eoin O'Cinneide.
“We have commenced the financing process and we plan to sell down 35% initially, where we are currently working to finalise the shareholder agreements with partners,” SBM's chief financial officer Douglas Wood said.
