Brief: ADES Holding Unit Signs SPA To Buy All Shares Of Saudi Arabian Saipem
BRIEF-ADES Holding Unit Signs SPA To Buy All Shares Of Saudi Arabian Saipem June 24 (Reuters) - ADES HOLDING 2382.SE:
ADES HOLDING - TOTAL PURCHASE CONSIDERATION OF USD 285 MILLION
ADES HOLDING - TO BUY ALL SHARES OF SAUDI ARABIAN SAIPEM
ADES HOLDING - ACQUISITION COMPRISES FIVE OPERATIONAL PREMIUM JACKUPS
ADES HOLDING - FOUR RIGS ARE CURRENTLY OPERATING IN SAUDI ARABIA
ADES HOLDING - ACQUISITION ADDS A BACKLOG OF APPROXIMATELY SAR 3.8 BILLION
ADES HOLDING - ONE RIG IS CURRENTLY OPERATING IN MEXICO UNDER AN EXISTING CHARTER ARRANGEMENT
ADES HOLDING - TRANSACTION IS EXPECTED TO CLOSE IN 3Q 2026
ADES HOLDING - DEAL IS ALSO FULLY ALIGNED WITH ADES’ DISCIPLINED, NON-SPECULATIVE APPROACH TO GROWTH
ADES HOLDING - GROUP REMAINS WELL POSITIONED TO CAPITALIZE ON SUSTAINED CUSTOMER DEMAND
Source text: ID:nSSE2P4vyn
Further company coverage: 2382.SE
((Reuters.Briefs@thomsonreuters.com;))
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