MELBOURNE, Sept 21 (Reuters) - The government of Papua New Guinea (PNG), looking to cut debt, is selling its stake in Oil Search Ltd (OSH) , three people familiar with the transaction said on Thursday.
UBS and JP Morgan will sell 31.3 million shares of Oil Search owned by the PNG government, with a floor price of A$6.55 a share, UBS head of equity capital markets Richard Sleijpen told Reuters.
News: OSH Papua New Guinea government selling stake in Oil Search
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