You have accessed this news story:
OFS - Teekay cashes out stake in FPSO operator Teekay Offshore - May 2019
Teekay Corp. agreed to sell its stake in Teekay Offshore Partners to Brookfield Business Partners and its institutional partners for $100 million. The sale includes Teekay’s 49% general partner interest, common units, warrants and an outstanding $25 million loan to Teekay Offshore. Teekay Offshore owns $5.3 billion of 60 offshore assets, including FPSO units, shuttle tankers including six newbuilds, floating storage and offtake units, long-distance towing and offshore installation vessels and a unit for maintenance and safety. The transaction is expected to......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!