Heads of Agreement signed on sale of Oceanteam ASA 60pct share in
Oceanteam Subsea Services Ltd.
(Thomson Reuters ONE) - Oceanteam ASA ("Oceanteam" or the "Company") has signed Heads ofAgreement with a company in the subsea industry for the sale of its60pct share in Oceanteam Subsea Services Ltd, Aberdeen.The commercial terms between the parties remain confidential andcompletion of the transaction is subject to due diligence,finalisation of the sale and purchase agreement and board approvals.The sale is expected to be completed within the next few weeks.Further information will be released upon completion.The transaction is expected to have a positive net effect onOceanteam's liquidity.For more information: www.oceanteam.noFor further information about Oceanteam please contact:CEO Haico Halbesma +31.6.51409987 haico(at)oceanteam.nlCFO Ruud van der Steeg +31.6.23457194ruud.vandersteeg(at)oceanteam.nlhttp://hugin.info/136936/R/1341665/320967.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 16.09.2009 - 13:12 Uhr
Sprache: Deutsch
News-ID 5870
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"Heads of Agreement signed on sale of Oceanteam ASA 60pct share in
Oceanteam Subsea Services Ltd."
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