Oslo: IM Skaugen’s preliminary results report for 2012 released on Friday stated that the Norwegian firm is looking to offload its 50% ownership in Shenghui Gas and Chemical Systems.
“We are reasonably confident that these shares can be sold at a gain compared to book value of the investment and that the process will be concluded in 2013,” IM Skaugen said.
Elsewhere, completing its first LNG cargoes within ports in China was described as a “new high” by the firm. IM Skaugen has one of the strongest, most wide ranging set of investments of any Scandinavian owner in China. [18/02/13]
