Brief: Swiber announces proposed acquisition of Interlink Power & Energy Holdings

Swiber Holdings

01/11/2017 13:26

Nov 1 (Reuters) - Swiber Holdings Ltd  SWBR.SI : 
    * Announces proposed acquisition of Interlink Power & 
Energy 
Holdings Pty Ltd 
    * Entered into term sheet for proposed acquisition of 
Interlink 
Power & Energy Holdings Pty from shareholders of Interlink 
    * The aggregate consideration payable by co for proposed 
acquisition shall be determined by parties in good faith 
    * Purchase consideration will be satisfied by issuance by 
company 
of new ordinary shares in capital of company 
    * Proposed acquisition will be subject to completion of 
subscription of new Swiber shares by investors for cash 
consideration of US$200 mln 
    * Proposed acquisition subject to restructuring of all debts 
and 
liabilities of Swiber (whether secured or unsecured or 
contingent) 
 
Source text for Eikon:  ID:nSNZ8P7vS1  
Further company coverage:  SWBR.SI  
 
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