Havila Shipping ASA
has today signed a Heads of Agreement with Ocean Mainport Ltd group regarding
sale of the UK based rescue recovery operations (RRV). 8 vessels are included
in the transaction which will be completed by selling 100% of the shares in Havila
Rescue UK Ltd and expected to be closed before yearend.
The total transaction
value is estimated to be approximately NOK 348 mill, and gives Havila Shipping
ASA a total booked profit before tax of approx. NOK 65 mill. The cash effect
will be approx. NOK 95 mill. Havila Shipping ASA will grant a secured seller
credit of NOK 15 mill.
The vessels included
in the sale; Havila Sky, Havila Tern, Havila Searcher, Havila Sea, Havila
Clever, Havila Sun, Havila Star and Havila Tigris. Handover will take place
transaction Havila Shipping ASA is out of the RRV market on UK sector. Further,
this deal is a part of the company strategy to put more focus into the areas of
AHTS, PSV- and Sub Sea Construction.
Nils Peter Skeide