Sembcorp Industries may inject funds or buy full control of Sembcorp Marine -sources

martes 19 de enero de 2016 05:11 GYT

* Sembcorp Marine cash flows, profitability hit by weak oil

* Parent buyout seen as likely option -sources

* Sembcorp Marine, Keppel hit by Brazil non-payments

By Rujun Shen and Anshuman Daga

SINGAPORE, Jan 19 (Reuters) - Singapore's Sembcorp Industries Ltd may inject funds into Sembcorp Marine Ltd or buy full control of the drilling rig builder to replenish finances strained by a collapse in oil prices, people familiar with the matter said.

Sembcorp Industries - almost half-owned by state investor Temasek Holdings Pte Ltd - is the parent of Sembcorp Marine which analysts said is at risk of writing off assets and cutting its full-year dividend.

"It's quite clear that financial support has to come in and a take-private is one of the easier options, but ultimately there needs to be a long-term solution," said one of the people, who were not authorised to speak publicly on the matter and so declined to be identified.

Sembcorp Industries owns 61 percent of Sembcorp Marine which services an oil industry plagued by oversupply. The plunge in oil prices to multi-year lows has led to a drop in orders for rigs and cancelled contracts.

Sembcorp Industries could therefore benefit from selling the rig builder and focusing on its profitable utilities business, analysts said. One buyer could be larger rig-building rival Keppel Corp Ltd, 21 percent owned by Temasek.   Continuación...