Thursday, 30 November 2006
Halliburton, the largest energy services company in the US and a key LNG contractor, will release details in the next couple of weeks about the future of its KBR business.
The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.
Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.
The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.
Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.
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Published in
Feb 06
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