Solstad Offshore ASA (SLOFF) has released an update.
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Solstad Offshore ASA is set to acquire a 35.8% stake in Omega Subsea AS, bolstering its position in the subsea services sector. This strategic investment is aimed at capitalizing on the anticipated growth in the subsea market, particularly driven by oil, gas, and renewable energy infrastructure investments. The transaction, expected to be completed in early 2025, underscores Solstad’s commitment to enhancing its service offerings in the offshore vessel sector.
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