Fred Olsen Energy to Sell Floating Production Division
Fred Olsen Energy
|Monday, July 14, 2003
Fred. Olsen Energy ASA has signed a Heads of Agreement regarding sale of its business activities within the floating production segment. The buyer does not wish his name to be disclosed at present. Agreed purchase price is US $58.5 million. Completion of the sale is expected by the end of August 2003.
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