Brief: SD Standard Drilling to acquire three large Norwegian built PSVs

SD Standard Etc

19/01/2017 14:02

Jan 19 (Reuters) - SD Standard Drilling PLC  SDSD.OL : 
    * To acquire three large Norwegian built Platform Supply Vessels (PSV) on wholly owned basis 
    * Vessels are to be acquired for total en-bloc consideration of $40 million 
    * Following acquisition, company will control fleet of 10 norwegian built PSVs 
    * Acquisition of vessels is expected to be completed, subject to inspection, in February 
2017 
    * Acquisition will be financed through its cash holding, share contributions from subsequent 
offers and (to extent necessary) credit facility 
 
     
Source text for Eikon:  ID:nObidwVhsa  
     
Further company coverage:  SDSD.OL  
 
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