Brief: Prosafe extends standstill agreement with COSCO

COSCO Shipping International (SINGAPORE)

26/07/2018 06:23

July 26 (Reuters) - Prosafe SE  PRSO.OL :
    * REG-PROSAFE SE: PROSAFE EXTENDS STANDSTILL AGREEMENT WITH
COSCO
    * CAN CLAIM REPAYMENT OF INSTALMENTS PAID INCLUDING INTEREST
OF
APPROX. USD 60 MILLION IN TOTAL, SECURED BY A REFUND GUARANTEE
FROM BANK OF CHINA.
    * MEANWHILE SAFE EURUS IS IN A PRESERVED, STRATEGIC STACKING
MODE
WITH COSCO. VESSEL MUST BE DELIVERED BEFORE END 2019.

Source text for Eikon:  ID:nNDLbX5PDg 
Further company coverage:  PRSO.OL 

 (Reporting by Gwladys Fouche)
 ((gwladys.fouche@thomsonreuters.com;))