Vantris Energy divests stake in L&T-Sapura Shipping for 124mil


PETALING JAYA: Vantris Energy Bhd has divested its 40% equity interest in L&T-Sapura Shipping Pvt Ltd (LTSSPL) to its joint-venture partner, Larsen & Toubro Ltd for US$30.5mil (RM123.91mil).

In a filing with Bursa Malaysia, Vantris Energy, formerly known as Sapura Energy Bhd, said LTSSPL owns and operates a LTS3000 heavy-lift and pipelay vessel.

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