Offshore specialist Yinson Production eyes IPO, among other exit options for investors
The Singapore-based company is expanding into carbon capture and storage, while eyeing opportunities in Namibia
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[SINGAPORE] Armed with a US$1 billion confidence boost from investors, Singapore-based offshore specialist Yinson Production plans to give its backers an exit in the next three to five years – through an initial public offering (IPO) or other means.
In January, the company raised US$1 billion from investors including the Abu Dhabi Investment Authority, and funds managed by British Columbia Investment Management and Singapore private equity player RRJ Capital.
While Yinson Production had previously been fully funded by banks, the company has now diversified its funding sources, its chief financial officer Markus Wenker told reporters on the sidelines of an investor event in November.
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