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International Tankers and Gas Offshore

Teekay divests offshore unit for $100m

The deal agreed with Brookfield Business Partners is aligned with the ‘current strategy to simplify and focus on our core gas and tanker businesses’, Teekay’s chief executive said. Teekay Offshore turned in a first-quarter loss of $2.6m and operates a 57-strong fleet as of the end of March

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The transaction is expected to be completed in early to mid-May 2019

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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