Dutch offshore firm Oceanteam has reached an agreement with Keesjan Cordia which will see the former owner of Seafox take a NOK20m ($2.56m) shareholding.
The deal will be voted on during an extraordinary general meeting of shareholders on April 13. Cordia will also take a position on the board, which has been decimated since the resignations of Hessel Halbesma, Haico Halbesma and Int Pos.
Cordia commented: “Oceanteam is an interesting platform for consolidation in the O&G – offshore industry & renewable Industry. When approached by the Board of the Company, I recognized the immediate need for the Company to be steered into calmer waters, both financially and organizationally. Therefore, I am pleased to offer to invest in this Norwegian / Dutch offshore entity and to provide my support in the restructuring and re-vitalizing of the Company. I am confident the banking consortium will be constructive in facilitating the required flexibility, going forward.”
