Brief: Oceanteam Sells Minority Position To Its Mexican JV Partner

Oceanteam ASA

29/03/2019 06:43

March 29 (Reuters) - Oceanteam ASA  OTS.OL :
    * SAID ON THURSDAY SELLS MINORITY POSITION TO ITS MEXICAN JV
PARTNER
    * CO AND ITS MEXICAN PARTNER DIAVAZ REACHED AGREEMENT TO
TERMINATE
JV STRUCTURE SET UP BY TWO GROUPS IN ORDER TO SERVICE THE
MEXICAN OFFSHORE MARKET, IN WHICH OCEANTEAM HELD 40 PERCENT
    * CO'S STAKE TO BE TAKEN OVER BY DIAVAZ
    * TRANSACTION NOT TO HAVE MATERIAL IMPACT ON CO'S FINANCIAL
AND
MARKET POSITION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObi641PRa
    
 Further company coverage:  OTS.OL  
   


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