China Merchants Financial Leasing completed the acquisition of a 13.5% stake in FPSO Sepetiba from SBM Offshore.

China Merchants Financial Leasing, a company that provides comprehensive financial leasing services to various industries, completed the acquisition of a 13.5% stake in FPSO Sepetiba, an offshore floating facility, from SBM Offshore, an offshore energy solutions provider. Financial terms were not disclosed.