SapuraCrest, Kencana in billion dollar merger talks

SAPURACREST and Kencana Petroleum have announced an $RM11.85 billion ($A3.68 billion) proposed merger to create one of the world's largest oil and gas service providers.

The companies received an offer from Integral Key, a special-purpose vehicle set up by investment bank Maybank, to take over the businesses via a cash and share swap.

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