Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Seadrill Ltd    SDRL   BMG7945E1057

SEADRILL LTD (SDRL)

51
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

SeaDrill Postpones IPO Plans For Its Brazilian Unit Again

04/16/2012 | 08:17am US/Eastern
Recommend:
0

Norwegian oil-and-gas equipment company SeaDrill Ltd. (SDRL, SDRL.OS) said Monday that it decided to delay again its plans to hold an initial public offering of its Brazilian unit in order to evaluate opportunities to increase its activities.

In January, the company delayed its plan to hold an IPO to gain time to make certain changes to its corporate structure.

Seabras Servicos de Petroleo S.A., the Brazilian unit of SeaDrill, was planning to raise up to 1.25 billion Brazilian reais ($680 million) through the IPO.

Originally, the company was planning to start trading of its shares Feb. 13 and then postponed the plan for April. Following the most recent delay, the company did not unveil an exact timetable for its IPO.

"The Board is currently evaluating several opportunities to increase Seabras activities prior to the listing," SeaDrill said in a statement.

"A separate organization to support such wider operations in Brazil is being established. This further highlights the benefit of somewhat postponing the planned listing of Seabras," it said.

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com

Recommend :
0
React to this article
Latest news on SEADRILL LTD
1d ago SEADRILL LTD : SDRL - Mandatory notification of trade
6d ago SEADRILL LTD : SDRL - Filing of 2013 Annual Report on Form 20-F
04/09 SEADRILL LTD : SDRL - Seadrill reduces stake in SapuraKencana Petroleum Bhd
04/09 SEADRILL : SDRL - Seadrill reduces stake in SapuraKencana Petroleum Bhd
04/04 SEADRILL : Expert Briefing on Energy Stocks -- Research on Halcon Resources, Tra..
04/02 SEADRILL LTD : SDRL - Seadrill secures contracts for multiple jack-up units
03/20 SEADRILL : Increased Ownership Stakes, Reaffirmed Growth Strategies, Segment Reo..
03/17 SEADRILL LTD : SDRL - Mandatory notification of trade
03/14 SEADRILL : Review on Energy Sector Stocks: Kodiak Oil & Gas, Halcón Resources, T..
03/12 SEADRILL LTD : SDRL - Mandatory notification of trade
Advertisement
Chart
Duration : Period :
Seadrill Ltd Technical Analysis Chart | SDRL | BMG7945E1057 | 4-Traders
Income Statement Evolution
Seadrill Ltd : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF