Transocean Ltd. (RIG) has put its Middle East rig assets up for sale, with private equity firms Lime Rock Partners and Castle Harlan emerging as the main bidders in a deal likely to raise $1 billion for the offshore driller, Reuters reported Thursday on its website, citing three people with knowledge of the matter.
About 30 rigs are involved, one person said. A Transocean spokesman told Reuters the company would not comment on "market speculation."
Full story at: www.reuters.com/article/2012/06/14/transocean-gulf-sale-idUSL5E8HE9MY20120614
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