SBM Offshore shares jump after bribery investigation findings

miércoles 2 de abril de 2014 03:20 GYT
 

AMSTERDAM, April 2 (Reuters) - Shares in SBM Offshore , the Dutch oil and gas floating production and mooring specialist, rise more than 5 percent after the company released the results of a two-year internal investigation into alleged bribery in Africa and South America.

The investigation found "some evidence" agents in Angola and Equatorial Guinea made improper payments to government officials, but did not find any credible evidence of such practices in Brazil, SBM said in a statement.

SBM's shares were up 5.34 percent at 13.895 euros by 0717 GMT.

Analysts at ING said in a research note they expected "a fine of as much as $200-400 million, spread over Dutch and U.S. jurisdictions." ($1=0.7249 euros) (Reporting By Anthony Deutsch; Editing by Greg Mahlich)