Sapura Energy sells 50% stake in Sapura Upstream for RM4b

Sapura Energy Bhd (SEB) has agreed to sell 50% of its wholly owned exploration and production unit, Sapura Upstream Sdn Bhd, to Austrian energy group

Sapura Energy rises in early trade - Business News | The Star Online Sapura Energy rises in early trade

KUALA LUMPUR: Sapura Energy Bhd is seeing heightened investor interest on Monday, and was the most actively traded counter in the early morning session.

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.