Schlumberger says bought stake in rig firm Borr Drilling
OSLO, March 28 Schlumberger, the world's top oil services provider, has bought a stake in upstart rig operator Borr Drilling.
BANGKOK/HONG KONG, April 19 BTS Group Holdings PCL's infrastructure fund rose 17.6 percent in its trading debut on Friday as Thailand's biggest initial public offering underscored demand from yield-hungry investors amid a flurry of listings in Southeast Asia.
The BTS Rail Mass Transit Growth Infrastructure Fund climbed to 12.70 baht in early trading from the 10.8 baht per unit IPO price. Shares of BTS Group, the operator of Bangkok's traffic-busting elevated Skytrain, rose 1.6 percent, while the benchmark SET index was up 0.3 percent.
Morgan Stanley, Phatra Securities and UBS acted as joint bookrunners for the IPO. The banks stand to earn about $30 million in fees from the deal, equivalent to 2.15 percent of the total raised excluding the sponsor tranche.
TEL AVIV, March 28 Strauss Coffee has agreed to buy back a 25.1 percent stake in the company held by buyout firm TPG Capital Management for 257 million euros ($279 million), its parent company Strauss Group said on Tuesday.