Singapore: An indirect subsidiary of Swiber Holdings, Swiber Engineering, has disposed 24,500 ordinary shares, representing 49% equity interest of Vallianz Marine to a subsidiary of an associated company for a total cash consideration of $2.27m.
Vallianz said the acquisition will further strengthen the group’s position as an integrated offshore marine services provider. Currently, Vallianz Marine owns a fleet of four vessels, namely two towing tugs, a utility vessel and an anchor handling tug. [01/07/14]
