Brief: Wilhelmsen Agrees To Acquire A 21% Stake In Reach Subsea

Reach Subsea ASA

17/02/2022 17:34

Feb 17 (Reuters) - Reach Subsea ASA  REACH.OL :
    * REACH SUBSEA - WILHELMSEN HAS AGREED TO BECOME A 21%
SHAREHOLDER
IN REACH THROUGH SUBSCRIBING FOR NOK 150 MILLION IN A DIRECTED
PRIVATE PLACEMENT
    * REACH SUBSEA ASA - WILHELMSEN AGREES TO ACQUIRE A 21%
STAKE IN
REACH SUBSEA AS PART OF STRATEGIC PARTNERSHIP FOR
COMMERCIALIZATION OF REACH REMOTE
    * REACH SUBSEA - WILHELMSEN AGREED TO SUBSCRIBE FOR, AND BE
ALLOCATED, 46,126,567 NEW SHARES IN REACH AT A SUBSCRIPTION
PRICE OF NOK 3.25 PER SHARE

Source text for Eikon:  ID:nObi03zH8a 
Further company coverage:  REACH.OL 

 ((Reuters.Briefs@thomsonreuters.com;))