Brief: SD Standard Drilling Enters Into MoA To Sell Vessel Standard Princess

SD Standard Etc

23/11/2021 07:19

Nov 23 (Reuters) - SD Standard Drilling PLC  SDSD.OL :
    * SDSD: SALE OF STANDARD PRINCESS
    * HAS ENTERED INTO A MEMORANDUM OF AGREEMENT TO SELL VESSEL
STANDARD PRINCESS FOR USD 10.3 MILLION
    * PROCEEDS FROM VESSEL AND ANY FUTURE DIVESTMENTS OF
OFFSHORE
FLEET WILL BE DIRECTED TOWARDS MORE LIQUID INVESTMENTS WITHIN
STANDARD DRILLING'S CORE SECTORS.
    * STANDARD DRILLING HAS RECEIVED 10% DEPOSIT OF PURCHASE
PRICE AND
TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN JANUARY 2022.

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

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