Yinson nears completion of Fred Olsen Production purchase

Yinson Holdings Bhd's floating storage and offloading vessel, which is jointly owned with PetroVietnam Technical Services Corp. The FSO is contracted out to Bien Dong Petroleum Operating company.

KUALA LUMPUR: Yinson Holdings Bhd is close to completing its purchase of Norway's Fred Olsen Production ASA (FOP) with total acceptances for the acquisition rising to 72.53%.

Yinson said on Tuesday that Yinson Production Ltd (YPL) had received acceptances for 11.64 million shares of FOP shares or 11% of the total issued shares and votes.