BP to Sell Entire 5% Stake in Serica Energy
27 Avril 2022 - 6:23PM
Dow Jones News
By Jaime Llinares Taboada
BP PLC intends to sell its entire 5.0% stake in U.K. oil-and-gas
producer Serica Energy PLC, Jefferies International Ltd. said
Wednesday.
The energy major, through its subsidiary BP Exploration
Operating Company Ltd., plans to sell the 13.5 million shares that
it owns in Serica. The stake could be worth 53.1 million pounds
($66.7 million), based on Serica's 393 pence closing price on
Wednesday.
Jefferies said the price will be determined by way of an
accelerated bookbuilding process. Serica won't receive any proceeds
from the sale.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
April 27, 2022 12:08 ET (16:08 GMT)
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