Brief: ABL Group Says To Acquire Ross Offshore From Moreld Group

Aqualis ASA

15/05/2024 06:05

May 15 (Reuters) - Abl Group ASA  ABL.OL :
    * ABL GROUP TO ACQUIRE ROSS OFFSHORE
    * ENTERED INTO AN AGREEMENT TO ACQUIRE 100 PERCENT OF SHARES
OF
SPECIALIST ENERGY CONSULTANCY ROSS OFFSHORE FROM MORELD GROUP
    * FOLLOWING COMPLETION OF TRANSACTION, ROSS OFFSHORE WILL
MERGE
WITH ABL GROUP COMPANY AGR
    * TRANSACTION VALUES ROSS OFFSHORE AT NOK 100 MILLION ON A
CASH
AND DEBT FREE BASIS
    * TRANSACTION WILL BE SETTLED IN CASH ON COMPLETION,
UTILISING ABL
GROUP'S EXISTING CASH HOLDINGS AND UNDRAWN CREDIT FACILITIES
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN LATE Q2 OR IN
EARLY
Q3 THIS YEAR.

Source text for Eikon:  ID:nObi3JWz3a 
Further company coverage:  ABL.OL 

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