Brief: Swiber Holdings Updates On Expression Of Interest On Potential Investment In Group
15/04/2020 15:14
April 15 (Reuters) - Swiber Holdings Ltd SWBR.SI :
* UPDATES ON NON-BINDING EXPRESSION OF INTEREST FROM THIRD
PARTY
ON POTENTIAL INVESTMENT IN GROUP
* POTENTIAL INVESTOR IS AN OIL AND GAS CONGLOMERATE BASED IN
MIDDLE EAST
* CO CURRENTLY IN DISCUSSIONS WITH POTENTIAL INVESTOR IN
RELATION
TO EOI
* GROUP TO , SUBJECT TO RECEIPT OF NECESSARY APPROVALS,
TRANSFER
CERTAIN ASSETS, INCLUDING SECURED & UNSECURED VESSELS AMONG
OTHERS
* UNDER PROPOSED TERMS FOR INVESTMENT, POTENTIAL INVESTOR
WILL
INVEST US$200 MILLION IN CO'S NEW UNIT AND/OR ANOTHER UNIT
Source text for Eikon: ID:nSNZF8tlg
Further company coverage: SWBR.SI
((Reuters.Briefs@thomsonreuters.com;))
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