Stake sale ‘huge positive’ for Sapura Energy

Leaner operations: Sapura Energy’s Sapura Diamante vessel. MIDF Research expects Sapura Energy’s forward earnings to improve further, in particular from savings in operating expenses.

Deal will lower group’s gearing to 0.6 times

PETALING JAYA: Sapura Energy Bhd’s move to sell a 50% stake in its oil and gas (O&G) exploration and production (E&P) arm to an Austrian giant has been well-received by analysts.