March 29, 2019 / 6:44 AM / 3 months ago

BRIEF-Oceanteam Sells Minority Position To Its Mexican JV Partner

March 29 (Reuters) - Oceanteam ASA:

* SAID ON THURSDAY SELLS MINORITY POSITION TO ITS MEXICAN JV PARTNER

* CO AND ITS MEXICAN PARTNER DIAVAZ REACHED AGREEMENT TO TERMINATE JV STRUCTURE SET UP BY TWO GROUPS IN ORDER TO SERVICE THE MEXICAN OFFSHORE MARKET, IN WHICH OCEANTEAM HELD 40 PERCENT

* CO’S STAKE TO BE TAKEN OVER BY DIAVAZ

* TRANSACTION NOT TO HAVE MATERIAL IMPACT ON CO’S FINANCIAL AND MARKET POSITION

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

Nuestros Estándares:Los principios Thomson Reuters
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