Perisai Petroleum in for Emas Victoria

Kuala Lumpur: Perisai Petroleum is forking out $89.25m for a 51% stake in charterer Emas Victoria, while spending just RM51 to take a 51% interest in Victoria Production Services. At the same time Perisai is looking to offload its 50% stake in SJR Marine for $37m. It said this would be satisfied via RM51 in cash; issuance of 144.66mil new shares of RM0.10 each in Perisai at an issue price of RM1.10. The balance purchase consideration of the proposed acquisitions would be set off against the disposal consideration of the proposed disposal.  [03/12/12]

Related Posts