Brief: Oceanteam Discontinues Negotiations With Passer Group

Oceanteam ASA

29/10/2021 12:27

Oct 29 (Reuters) - Oceanteam ASA  OTS.OL :
    * LEADERSHIP CHANGE AND UPDATE REGARDING POTENTIAL
COMBINATION
WITH PASSER GROUP AS
    * BOARD OF DIRECTORS OF OCEANTEAM ASA ("COMPANY") ADVISES
THAT
PARTIES HAVE MUTUALLY CONCLUDED TO DISCONTINUE NEGOTIATIONS AND
NOT TO PURSUE ANTICIPATED TRANSACTION SINCE FINAL AGREEMENT ON
UNDERLYING ECONOMICS COULD NOT BE REACHED
    * HANS REINIGERT WILL RESIGN AS BOARD MEMBER AND TAKE UP
POSITION
AS CEO, THEREBY REPLACING HENK HAZENOOT, EFFECTIVE 1 NOVEMBER
2021

Source text for Eikon:  ID:nObinKlmGa 
Further company coverage:  OTS.OL 

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