Norwegian FPSO operator BW Offshore is targeting 1Q 2020 for the IPO and listing of its 68.6% owned exploration and production subsidiary, BW Energy.
BW said on Wednesday that the IPO and listing were planned through a combination of a distribution of shares from BW Offshore and a contemplated equity raise of about $175 million.
New investors will be invited to subscribe for new shares at a valuation of $700-800 million for the current outstanding share capital of BW Energy.
Brazil Energy Insight 
Leave a comment