Brief: S.D. Standard Drilling To Acquire Platform Supply Vessel

SD Standard Etc

24/04/2019 15:29

April 24 (Reuters) - SD Standard Drilling PLC  SDSD.OL :
    * S.D. STANDARD DRILLING PLC. (THE "COMPANY") TO ACQUIRE ONE
(1)
LARGE SIZE
    * THROUGH ITS WHOLLY OWNED SUBSIDIARY WANAX AS, S.D.
STANDARD
DRILLING PLC., WILL ACQUIRE HAVYARD 832 PSV VESSEL OLYMPUS
    * ALL TERMS HAVE BEEN AGREED AND THERE ARE NO FURTHER
CONDITIONS.
    * VESSEL HAS BEEN ACQUIRED FOR A TOTAL CONSIDERATION OF USD
8.1
MILLION, WHICH WILL BE FINANCED BY AVAILABLE CASH
    * ACQUISITION IS EXPECTED TO BE COMPLETED WITHIN 10 BUSINESS
DAYS
    * TO ACQUIRE ONE (1) LARGE SIZE NORWEGIAN BUILT PLATFORM
SUPPLY
VESSEL

Source text for Eikon:  ID:nObidCKsba 
Further company coverage:  SDSD.OL 

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