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AP4 - Riverstone Holdings News Story

S$0.66 -0.0  -4.4%

Last Trade - 03/12/21

Mid Cap
Market Cap £537.0m
Enterprise Value £298.6m
Revenue £572.8m
Position in Universe 1320th / 6163

BUZZ-Liberty Oilfield Services falls as Riverstone exits

Tue 8th June, 2021 12:05pm
** Liberty Oilfield Services Inc  LBRT.N  shares down ~7% at
$15.60 premarket on secondary offering
    ** LBRT late Mon announced sale of ~12.3 mln shares by
Riverstone/Carlyle partnership entities  urn:newsml:reuters.com:*:nBw17fJ4Pa
    ** With sale, Riverstone fully exits remaining ~7% LBRT
    ** Morgan Stanley sole underwriter for offering, set to
price Tues before the bell
    ** In Feb, Riverstone/Carlyle sold 8.7 mln shares in
secondary priced at $11.45  urn:newsml:reuters.com:*:nL1N2KF165
    ** In Jan, completed acquisition of Schlumberger's  SLB.N 
shale fracking business in all-stock deal; SLB has 39% LBRT
stake (~66.3 mln shares)
    ** LBRT shares up ~62% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
lance.tupper@tr.com 1-332-219-1430))
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