SBM Offshore denies withholding price sensitive information

Dutch FPSO supplier SBM Offshore might need to pay 2 million euros for not disclosing price sensitive information timely between 2012-2014, which SBM has denied.

This was related to SBM’s internal investigation over alleged improper payments by its agents to sales agents and foreign government officials in Equatorial Guinea, Angola, and Brazil in the period from 2007 through 2011.

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