SBM Offshore NV (GB:0NIS) has released an update.
SBM Offshore has completed the acquisition of additional shares in FPSOs from Sonangol EP, increasing its ownership to full control over two FPSOs and 80% in a third, with a total net consideration of approximately $40 million. The company has also divested its shares in the Paenal shipyard, as part of its business reorganization in Angola focusing on core activities. Additionally, an MOU concerning the sale of a minority interest in one FPSO is in progress, subject to various approvals.
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