(Reuters) - Oil-rig contractor Shelf Drilling will scrap its plan to list on the London Stock Exchange because of insufficient interest, Britain's City A.M. reported on Tuesday citing sources. City A.M., a free newspaper distributed in London's financial district, said the decision to cancel the IPO, which had planned to raise at least $500 million, was made late Tuesday. (http://bit.ly/1rV8FAx) The Dubai-based offshore oil rig operator and its advisers are working on a statement, the paper said. Shelf Drilling could not immediately be reached for comment outside regular working hours. ... Read More http://ift.tt/1xdJwE5
No comments:
Post a Comment