Brief: Standard Supply Sells Three PSVs For $72.2 Mln

Standardcoin AS

15/11/2023 07:25

Nov 15 (Reuters) - Standard Supply AS  STSU.OL :
    * REPORTED ON TUESDAY EN-BLOC SALE OF THE THREE LARGE SIZED
PSVS
STANDARD VIKING, STANDARD SUPPLIER AND STANDARD DEFENDER 
    * SALE IS FOR GROSS USD 72.2 MILLION 
    * ENTERS MEMORANDUM OF AGREEMENT FOR SALE OF EACH VESSEL
    * ADJUSTING FOR OWNERSHIP, PROCEEDS TO STANDARD SUPPLY WILL
BE
GROSS USD 69.5 MILLION
    * COMPLETION IS EXPECTED NO LATER THAN MID-JANUARY 2024
    * FOLLOWING THE SALE, COMPANY WILL CONTROL A FLEET OF FOUR
PSVS
WITH 51% OWNERSHIP INTEREST

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiSzd1la
 Further company coverage:  STSU.OL  

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