Sembcorp Marine takes full control of North Sea subsidiary

Sembcorp Marine subsidiary Sembcorp Marine Offshore Platforms has entered into an agreement with minority shareholders to acquire the remaining 30% equity stake in Sembmarine North Sea Limited (SNS).

The Singapore company paid GBP137,500 ($168,000) to snap up the remaining shares of SNS which, via its subsidiary Sembmarine SLP, is engaged in the design, engineering, procurement, fabrication and construction of offshore platforms, modules and structures.

SNS will now become an indirect wholly-owned subsidiary of Sembcorp, which the company says will allow Sembmarine SLP to expand its footprint in the United Kingdom and provide synergistic support to the Sembcorp and its North Sea customers.

Sembcorp said the acquisition will be fully paid for in cash by internal funds.


Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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