STX Europe sells down STX OSV holdings

STX Europe has sold down its holdings in Singapore-listed STX OSV to just over 50%, Seatrade Asia online reports. STX Europe sold 215.9m shares in STX OSV to investment funds affiliated with OZ Management at price of $1.33 per share or $286.7m in total. The sale represents an 18.27% stake in STX OSV and brings STX Europe’s holdings down to 50.75%. STX Europe said it remained committed to STX OSV as a substantial shareholder.