Brief: SBM Offshore: Completion Of Share Purchase Agreements With Sonangol

SBM Offshore NV

11/06/2024 17:20

June 11 (Reuters) - SBM Offshore NV  SBMO.AS :
    * SBM OFFSHORE ANNOUNCES THE COMPLETION OF THE SHARE
PURCHASE
AGREEMENTS WITH SONANGOL
    * COMPLETED SALE OF ALL ITS SHARES IN PARENT COMPANY OF
PAENAL
SHIPYARD IN ANGOLA TO A SUBSIDIARY OF SONANGOL EP
    * ACQUISITION OF SHARES FROM SONANGOL EP BRINGS SBM
OFFSHORE'S
OWNERSHIP IN ENTITIES OWNING FPSOS SAXI BATUQUE AND MONDO TO
100% AND IN ENTITY OWNING FPSO N'GOMA TO 80%
    * OPERATING COMPANIES IN ANGOLA WILL BE WHOLLY OWNED BY SBM
OFFSHORE AFTER ACQUISITION
    * TOTAL NET CONSIDERATION PAID FOR EQUITY OWNERSHIP OF
ACQUIRED
ENTITIES BY SBM OFFSHORE INCLUDING SALE OF PARENT COMPANY OF
PAENAL SHIPYARD IS APPROXIMATELY US$40 MILLION

Source text for Eikon:  ID:nGNX5wmGzr 
Further company coverage:  SBMO.AS 

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