Brief: Siem Offshore To Sell Nine Vessels To Major Shareholder

Sea1 Offshore

05/04/2024 16:11

April 5 (Reuters) - Siem Offshore Inc  SIOFF.OL :
    * SALE OF 9 VESSELS TO MAJOR SHAREHOLDER
    * SIEM OFFSHORE HAS AGREED TO SELL 9 OF ITS VESSELS TO MAJOR
SHAREHOLDER SIEM SUSTAINABLE ENERGY S.A R.L AND RELATED
COMPANIES IN EXCHANGE FOR 35% OF CO'S SHARES
    * VESSELS WILL BE TRANSFERRED TO SIEM AS SOON AS PRACTICAL
AND
BEFORE 1 JULY 2024
    * CO WILL CONTINUE TO MANAGE 9 VESSELS UNDER INDUSTRY
STANDARD
SHIP MANAGEMENT AGREEMENTS FOR A MINIMUM PERIOD OF ONE YEAR

Source text for Eikon:  ID:nObiJsks4a 
Further company coverage:  SIOFF.OL 

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