Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Friday, 8 December 2017

OCEANTEAM ASA - TO SELL PART OF ITS SOLUTIONS BUSINESS

Oceanteam ASA    

Published: 09:00 CET 08-12-2017 /GlobeNewswire /Source: Oceanteam ASA / : OTS /ISIN: NO0010317316

OCEANTEAM ASA - TO SELL PART OF ITS SOLUTIONS BUSINESS

Today, Oceanteam ASA, the Dutch - Norwegian offshore service provider, listed at the Oslo stock exchange, announces it has signed a heads of terms agreement to sell part of its Solutions business.

The expected buyer will start a due diligence process and parties have started to document the transaction.

Commercial terms remain confidential and further information will be released as soon as the transaction is fully closed.

Oceanteam, also after the transaction, will continue to comprise of two operating segments, Shipping and Solutions. 


About Oceanteam ASA

The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels and fast support vessels. Oceanteam Solutions' focus is to provide its clients with complete offshore solutions. Oceanteam ASA has been active in the industry as an offshore solutions provider for over twelve years.

For more information: www.oceanteam.no

For further information about Oceanteam ASA please contact:

CEO Haico Halbesma:

+31 20 53 57 570,

haico@oceanteam.no

CFO Jos van Dijk:

+31 20 53 57 570,

jos@oceanteam.nl


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Oceanteam ASA, Postboks 463 Nesttun, Bergen 5853, Norge
If you would like to unsubscribe and stop receiving these e-mails click here.