January 6 - Energy services group Hunting has confirmed that discussions have commenced with the management of E.A. Gibson Shipbrokers concerning the potential sale of the business to an Employee Benefit Trust established on behalf of Gibson employees.

The company said the transaction is expected to complete by March 31, 2015 and is conditional on a number of matters including the management of Gibson finalising structure and funding.

Hunting said an update to the sale process will be provided at its 2014 full year results, which are scheduled to be announced on March 5, 2015.