Nigeria's Caverton eyes fresh capital after $197 mln stock listing: CEO

Reuters
A stockbroker transacts shares during a trading session at the Nairobi Securities Exchange in Kenya's capital Nairobi January 11, 2012. REUTERS/Thomas Mukoya

LAGOS (Reuters) - Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company's chief executive told Reuters on Thursday. Caverton, which provides marine and aviation services to multinational oil companies including Shell, Total and Addax, plans to list 3.35 billion ordinary shares on the Nigerian bourse at 9.50 naira per share.[ID:nL6N0NY3R7]