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flag SBM Offshore sells FPSO Cidade de Paraty for $400M, leases back for 8.5 years from Chinese firms.

flag SBM Offshore has signed a $400 million Sale and Leaseback agreement for the FPSO Cidade de Paraty, transferring ownership to four Chinese leasing companies. flag SBM and its partners, who own 63.125% of the FPSO, will continue to operate it for the next 8.5 years. flag This deal highlights the company's ability to offer innovative financing solutions.

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