Brief: SDSD: Entered Into MoA For Sale Of Standard Olympus

SD Standard Etc

11/06/2021 07:52

June 11 (Reuters) - SD Standard Drilling PLC  SDSD.OL :
    * SDSD: ENTERED INTO MOA FOR SALE OF STANDARD OLYMPUS
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN AUGUST
2021.
    * ENTERED INTO A MEMORANDUM OF AGREEMENT (MOA) TO SELL
STANDARD
OLYMPUS FOR USD 7.5 MILLION
    * SALE OF STANDARD OLYMPUS WILL RESULT IN A GAIN FOR
STANDARD
DRILLING OF GROSS USD 1.3 MILLION. VESSEL IS A LARGE PLATFORM
SUPPLY VESSEL (PSV), BUILT AT HAVYARD SHIP TECHNOLOGY AS,
NORWAY, IN 2014, WITH 800M2 DECK SPACE.
    * SALE WILL FURTHER STRENGTHEN COMPANY'S CASH BALANCE.

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

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