Barclays Bank said on Tuesday that Harbour Energy’s third largest shareholder, EIG Management Company, is planning to sell around 60m shares in a placing to institutional investors.
Source: Sharecast
The shares being placed represent a stake of about 3.8% in the independent oil and gad company.
Barclays Bank is acting as sole global co-ordinator and sole bookrunner on the placing.
EIG currently holds just under 114.8m shares in Harbour Energy, which is a stake of approximately 7.3%.
Harbour is not party to the placing and will not receive any proceeds.
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