KUALA LUMPUR (Nov 12): Sapura Energy Bhd shares rose 4% in active trade this morning after it sealed a deal to divest half of its wholly-owned exploration and production (E&P) unit Sapura Upstream Sdn Bhd to Austrian oil and gas (O&G) outfit OMV Aktiengesellschaft (OMV) for US$540 million, of which part of the proceeds will be used to repay its debt. At 9.11am, Sapura rose 1.5 sen to 39 sen with 44.72 million shares traded.

JF Apex raises Sapura Energy to Buy with TP of 50 sen - Business News | The Star Online JF Apex raises Sapura Energy to Buy with TP of 50 sen

KUALA LUMPUR: JF Apex Securities research views Sapura Energy Bhd's deal to divest a 50% stake in Sapura Upstream to OMV AG for US$890mil as positive.