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PR Newswire
31-08-2015, 09:47 AM
I reckon the Keppel is getting a good deal, amid the current market condition. No further info provided for the deal...
(not vested)
Keppel O&M unit buys US firm's offshore rig business for US$100 mil
SINGAPORE (Aug 31): Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary has acquired the offshore rig business of US-based Cameron International Corp for US$100 million ($140.9 million).
Under a stock and asset purchase agreement signed with Cameron on Aug 27, the wholly-owned unit Keppel Offshore & Marine USA, Inc. (KOM USA) acquired the LETOURNEAUTM jackup rig designs, rig kit business, and aftermarket services of the former.
Under the agreement, a new subsidiary known as "NewCo" will be 100%-owned KOM USA, which houses the offshore rig business.
Keppel O&M says the LETOURNEAUTM suite of jackup rig designs are "established" designs that have been popular with certain market segments and have a proven track record of operating in a variety of environments.
These include the LETOURNEAUTM Super 116E, WORKHORSE, Super Gorilla XL and Jaguar that will add to Keppel’s offerings in the jackup rig market.
The completion of the acquisition is subject to the fulfilment of certain conditions precedent, including relevant approvals from regulatory authorities.
Shares of Keppel O&M ended higher at $7.04 last Friday, up 8 cents or 1.2%.
http://www.theedgemarkets.com/sg/article...-us100-mil
(not vested)
Keppel O&M unit buys US firm's offshore rig business for US$100 mil
SINGAPORE (Aug 31): Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary has acquired the offshore rig business of US-based Cameron International Corp for US$100 million ($140.9 million).
Under a stock and asset purchase agreement signed with Cameron on Aug 27, the wholly-owned unit Keppel Offshore & Marine USA, Inc. (KOM USA) acquired the LETOURNEAUTM jackup rig designs, rig kit business, and aftermarket services of the former.
Under the agreement, a new subsidiary known as "NewCo" will be 100%-owned KOM USA, which houses the offshore rig business.
Keppel O&M says the LETOURNEAUTM suite of jackup rig designs are "established" designs that have been popular with certain market segments and have a proven track record of operating in a variety of environments.
These include the LETOURNEAUTM Super 116E, WORKHORSE, Super Gorilla XL and Jaguar that will add to Keppel’s offerings in the jackup rig market.
The completion of the acquisition is subject to the fulfilment of certain conditions precedent, including relevant approvals from regulatory authorities.
Shares of Keppel O&M ended higher at $7.04 last Friday, up 8 cents or 1.2%.
http://www.theedgemarkets.com/sg/article...-us100-mil
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡