SBM Offshore signs Share Purchase Agreements with MISC Berhad
SBM Offshore (SBFFF) has signed two Share Purchase Agreements with MISC Berhad, involving the acquisition of MISC's equity interest in FPSO Espirito Santo in Brazil and the divestment of SBM's stake in FPSO Kikeh in Malaysia. This strategic move aims to streamline SBM's operating portfolio. The agreements are subject to conditions and regulatory approvals. SBM Offshore specializes in designing, building, installing, and operating offshore floating facilities for the energy industry, focusing on responsible energy transition and cleaner solutions. The company employs over 7,400 people worldwide and is committed to delivering sustainable and affordable energy from the oceans.
SBM Offshore (SBFFF) ha firmato due contratti di acquisto azionario con MISC Berhad, riguardanti l'acquisizione della partecipazione azionaria di MISC in FPSO Espirito Santo in Brasile e la dismissione della quota di SBM in FPSO Kikeh in Malesia. Questa mossa strategica mira a razionalizzare il portafoglio operativo di SBM. Gli accordi sono soggetti a condizioni e approvazioni normative. SBM Offshore si specializza nella progettazione, costruzione, installazione e gestione di strutture galleggianti offshore per l'industria energetica, concentrandosi su una transizione energetica responsabile e soluzioni più pulite. L'azienda impiega oltre 7.400 persone in tutto il mondo ed è impegnata a fornire energia sostenibile e accessibile dagli oceani.
SBM Offshore (SBFFF) ha firmado dos acuerdos de compra de acciones con MISC Berhad, que implican la adquisición de la participación accionaria de MISC en FPSO Espirito Santo en Brasil y la venta de la participación de SBM en FPSO Kikeh en Malasia. Este movimiento estratégico tiene como objetivo optimizar el portafolio operativo de SBM. Los acuerdos están sujetos a condiciones y aprobaciones regulatorias. SBM Offshore se especializa en el diseño, construcción, instalación y operación de instalaciones flotantes en alta mar para la industria energética, centrándose en una transición energética responsable y soluciones más limpias. La empresa emplea a más de 7,400 personas en todo el mundo y está comprometida a ofrecer energía sostenible y asequible desde los océanos.
SBM Offshore (SBFFF)는 MISC Berhad와 두 개의 주식 매매 계약을 체결했으며, 이는 브라질의 FPSO Espirito Santo에 대한 MISC의 출자 취득과 말레이시아의 FPSO Kikeh에 대한 SBM의 지분 매각을 포함합니다. 이 전략적 결정은 SBM의 운영 포트폴리오를 효율화하기 위한 목적입니다. 계약은 조건과 규제 승인을 필요로 합니다. SBM Offshore는 에너지 산업을 위한 해상 부유 시설의 설계, 건설, 설치 및 운영 전문 회사로, 책임 있는 에너지 전환과 더 깨끗한 솔루션에 중점을 두고 있습니다. 이 회사는 전 세계에 7,400명 이상의 직원을 고용하고 있으며, 바다로부터 지속 가능하고 합리적인 에너지를 제공하기 위해 최선을 다하고 있습니다.
SBM Offshore (SBFFF) a signé deux accords d'achat d'actions avec MISC Berhad, impliquant l'acquisition de la participation de MISC dans le FPSO Espirito Santo au Brésil et la cession de la participation de SBM dans le FPSO Kikeh en Malaisie. Cette démarche stratégique vise à rationaliser le portefeuille opérationnel de SBM. Les accords sont soumis à des conditions et à des approbations réglementaires. SBM Offshore se spécialise dans la conception, la construction, l'installation et l'exploitation d'installations flottantes offshore pour l'industrie énergétique, en mettant l'accent sur une transition énergétique responsable et des solutions plus propres. L'entreprise emploie plus de 7 400 personnes dans le monde et s'engage à fournir une énergie durable et abordable venant des océans.
SBM Offshore (SBFFF) hat zwei Aktienkaufverträge mit MISC Berhad unterzeichnet, die den Erwerb von MISC's Eigenkapitalanteil an FPSO Espirito Santo in Brasilien und den Verkauf von SBM's Anteil an FPSO Kikeh in Malaysia betreffen. Dieser strategische Schritt zielt darauf ab, SBM's Betriebsportfolio zu optimieren. Die Vereinbarungen unterliegen Bedingungen und behördlichen Genehmigungen. SBM Offshore ist spezialisiert auf die Planung, den Bau, die Installation und den Betrieb von schwimmenden Offshore-Anlagen für die Energiebranche und konzentriert sich auf eine verantwortungsvolle Energiewende und sauberere Lösungen. Das Unternehmen beschäftigt weltweit über 7.400 Mitarbeiter und setzt sich dafür ein, nachhaltige und bezahlbare Energie aus den Ozeanen zu liefern.
- Acquisition of MISC Berhad's equity interest in FPSO Espirito Santo, potentially increasing revenue streams
- Strategic portfolio optimization through divestment of stake in FPSO Kikeh
- Focus on maintaining excellence in operating portfolio, potentially improving operational efficiency
- Divestment of stake in FPSO Kikeh may result in loss of future revenue from that asset
- Transaction subject to conditions and regulatory approvals, introducing potential delays or complications
September 6, 2024
SBM Offshore announces it has signed two Share Purchase Agreements with its partner MISC Berhad for:
i) the total acquisition of MISC Berhad’s entire effective equity interest in the lease and operating entities related to the FPSO Espirito Santo in Brazil; and
ii) the full divestment to MISC Berhad of SBM Offshore’s effective equity interest in the lease and operating entities of the FPSO Kikeh in Malaysia.
This transaction furthers SBM Offshore’s efforts to maintain focus and excellence in its operating portfolio.
Agreements remain subject to several conditions precedent and approval by various competent authorities.
Corporate Profile
SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry. As a leading technology provider, we put our marine expertise at the service of a responsible energy transition by reducing emissions from fossil fuel production, while developing cleaner solutions for alternative energy sources.
More than 7,400 SBMers worldwide are committed to sharing their experience to deliver safe, sustainable and affordable energy from the oceans for generations to come.
For further information, please visit our website at www.sbmoffshore.com.
| Financial Calendar | Date | Year | |
| Third Quarter 2024 Trading Update | November 14 | 2024 | |
| Full Year 2024 Earnings | February 20 | 2025 | |
| Annual General Meeting | April 9 | 2025 | |
| First Quarter 2025 Trading Update | May 15 | 2025 | |
| Half Year 2025 Earnings | August 7 | 2025 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
| Mobile: | +31 (0) 20 236 32 36 |
| E-mail: | wouter.holties@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Media Relations
Evelyn Tachau Brown
Group Communications & Change Director
| Mobile: | +377 (0) 6 40 62 30 34 |
| E-mail: | evelyn.tachau-brown@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Market Abuse Regulation
This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impact, Risk and Opportunity Management’ section of the 2023 Annual Report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.
This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the Half-Year Management Report accompanying the Half Year Earnings 2024 report, available on our website https://www.sbmoffshore.com/investors/financial-disclosures.
Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.
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