Sell-down in Bumi Armada

Bumi Armada block trade raises $380 million

Bumi Armada's controlling shareholder Ananda Krishnan decides not to sell at the bottom of the price range, cutting the size of the block trade by one-third.

<div style="text-align: left;"> A Bumi Armada support vessel</div>

Anette Jönsson

April 30, 2012

A block trade in Malaysian offshore services provider Bumi Armada, which was in the market on Thursday night, turned out to be smaller than expected after controlling shareholder Ananda Krishnan chose not to sell any shares.

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