Release: Clough: Planned disposal of Petrosea shares
Tuesday, February 17 2009 - 08:42 AM WIB
(17 February 2009)--Engineering and construction company Clough Limited is aware of market rumor regarding the potential disposal of its shares in PT Petrosea Tbk.
Clough confirms that following a strategic review of operations its Board resolved to start the process to sell the Company?s 82% shareholding in Petrosea. This decision was taken to allow Clough to strengthen its focus in the oil and gas sector.
Advisors have been appointed to assist with the sale process and discussions continue with a number of interested parties. (end of release)