PE-Backed Driller KrisEnergy Plans $214M Singapore Debut

Law360, New York (July 15, 2013, 3:27 PM EDT) -- KrisEnergy Ltd., a Singapore-based oil and gas exploration company backed by private equity firm First Reserve Corp., announced plans late Friday for a $214 million initial public offering in Singapore.

The company will offer nearly 152 million shares at S$1.10 (87 cents) apiece in the IPO, which closes Wednesday. Another 94 million shares will be sold to cornerstone investors First Reserve and Keppel Corp. Ltd., a Chinese energy conglomerate that bought a 20 percent stake in KrisEnergy last summer.

Between the two offerings, KrisEnergy is hoping...
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