UPDATE 1-Teekay to buy Sevan FPSOs, take new stock
Teekay said in a statement it will spend $668 million on the
three FPSO units — the Sevan Piranema, Sevan Hummingbird and
Secvan Voyageur — $110-$130 million on upgrading the Voyageur
and invest $25 million in new Sevan stock.The U.S. company said it will take a 40 percent stake in the
recapitalized Sevan, which is expected to continue as a
publicly-listed company.
