Dec 17 (Reuters) - Reach Subsea ASA REACH.OL :
* NORTH INDUSTRIES 1 AS HOLDS 46 126 567 SHARES IN REACH
SUBSEA,
REPRESENTING 20,5% OF SHARES IN COMPANY
* AFTER TRANSFER NORTH ENERGY ASA DO NOT DIRECTLY HOLD ANY
SHARES
IN REACH SUBSEA ASA
* AT NORTH ENERGY'S GROUP LEVEL THERE IS NO CHANGE IN
OWNERSHIP OF
REACH SUBSEA ASA
* NORTH ENERGY ASA ANNOUNCES ESTABLISHMENT OF SUBSIDIARY
"NORTH
INDUSTRIES 1 AS" AND TRANSFER OF 46126567 SHARES AT OF 4.04 PER
SHARE
Source text for Eikon: ID:nObiGxhYqa
Further company coverage: REACH.OL
((Reuters.Briefs@thomsonreuters.com;))