Vallianz expands offshore services with new shareholding

Singapore: Vallianz International, part of Singapore-listed Vallianz Holdings, has acquired 45% (45 shares) of the issued and paid-up share capital of Holmen Heavylift Offshore.

The shares were acquired from the company's parent Holmen International for $2,853,000 in cash.

Vallianz International owns and charters vessels to support exploration and activities in the global offshore oil and gas industry.

“The acquisition of interest in Holmen will diversify [Vallianz’s] product offering to include construction support vessels,” Vallianz International said today in an exchange filing.

Holmen owns three submersible launch barges primarily used for the transportation and installation of jackets during the field development phase of the oilfield life cycle. The company is based in Singapore. [30/12/14]

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