Teekay Corp is looking to future opportunities after striking a deal to sell out of its LNG and LPG carrier spin-off.
The $6.2bn sale of Teekay LNG Partners to infrastructure investment firm Stonepeak will see the Vancouver-based parent company pocket $640m from offloading its 40% stake.
That will leave Teekay Corp completely debt free with some $325m in cash, company executives said at a conference call with analysts.
