Norwegian PBR Contractor Plans Brazil IPO

Norwegian PBR Contractor Plans Brazil IPO

Brazil Equity

Seabras Servicos de Petroleo, a Brazilian unit of Norway’s Seadrill, has filed with local regulators to issue an IPO. The owner of 3 drillships with long-term Petrobras contracts plans an all-primary share sale to raise funds for expansion. In its initial documents, it does not indicate size or timing of the sale, to be led by BTG Pactual. The Brazilian assets, spun off into a separate unit in July, generated BRL524.7m in Ebitda in the first 3 quarters of 2011, up from BRL371.2m in the correspon

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