Sapura Energy shares soar 25% after news of partial sale in unit

Strategic partnership: Sapura Energy announced on Wednesday that it had entered into a heads of agreement with Austria’s OMV AG to form a strategic partnership, with OMV AG to acquire a 50 stake in Sapura Energy’s unit, Sapura Upstream Sdn Bhd. — AFP

PETALING JAYA: The share price of Sapura Energy Bhd (Sapura Energy) soared 25.4% a day after it announced a potential partnership involving the sale of a 50% stake in its oil and gas exploration and production (E&P) arm.

The stock gained nine sen to close at 44.5 sen yesterday.