BUZZ-Dutch SBM Offshore shares jump on bribery settlement

miércoles 12 de noviembre de 2014 04:25 GYT

** Amsterdam-listed SBM Offshore shares rose as much as 23 pct after settlement with Dutch prosecutors on bribery of government officials.

** SBM is best performer & most actively traded across top European stocks, sees 1.6 times a day's average traded within first 30 mins of trade.

** United States department of Justice closes out the matter.

** Out-Of-Court settlement consists of a payment by SBM Offshore to prosecutors of $240 million.

** Settlement relates to payments to sales agents in equatorial Guinea, Angola, Brazil in period from 2007 through 2011 of around $200 million.

** SBM Offshore will pay this amount out of its own funds and has already provided for it in first half 2014 results. (