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HAVI
Havila Shipping - Sale of UK Rescue Recovery vessels   19.10.2006 09:13:57
Flokkur: Skuldabréfafréttir      Íslenska  English
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)

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 ultimo November.

 

Through this 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. 

 

 

For further information contact;

Njål Sævik +4790935722 or

Nils Peter Skeide +4791530965

 

 


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