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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

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

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