Marine Link
Thursday, December 8, 2016

Coflexip Stena Offshore Closes On Aker Maritime Acquisition

January 10, 2001

Coflexip Stena Offshore (CSO) has finalized with Aker Maritime, the acquisition of its deepwater operations. The company's Deepwater Division, which is headquarted in Houston, Texas, was attained for $513 million plus the assumption of net debt of $112 million.

The two parties had initially announced, on October 29, 2000, that they had entered into a conditional agreement whereby CSO would acquire the shares of the companies encompassing the Deepwater Division of Aker.

The final price of the acquisition will be subject to various adjustment mechanisms on the basis of audited financial statements of the Deepwater Division at December 31, 2000.



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News