Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-04-08 17:50:00

49% KANFA

49% KANFA

Sevan Marine ASA ("Sevan Marine") is pleased to announce that the company has on April 3rd entered into an agreement with Technip Norge AS ("Technip"), a wholly owned subsidiary of Technip S.A, regarding the sale of 49.0% of the shareholding in KANFA AS ("KANFA"). The parties have agreed not to disclose the purchase price at this point in time. Upon completion of the transaction, Sevan Marine will own 51.0% of KANFA AS and Technip will own 49.0%. The parties intend to further enhance KANFA's development opportunities and expand the business.

KANFA, with its subsidiaries KANFA Ingenium Process AS (54.3% owned subsidiary) and KANFA Mator AS (wholly owned subsidiary), is a leading independent topside and process technology specialist with activities primarily in the offshore oil and gas industry. In total, the KANFA Group employs approximately 50 highly skilled engineers.

Technip is one of the leading oil & gas services groups in the world with a global footprint. The cooperation will provide KANFA with new opportunities to develop its business in the North Sea and also provide access to other oil and gas markets. KANFA will continue to focus on its existing business model in addition to supporting Technip in offshore FEED and EPC projects on the Norwegian Continental Shelf going forward.

Commenting on the transaction, Sevan Marine CEO Carl Lieungh said: "We are very satisfied with this agreement and the opportunity to work with Technip. We have evaluated various strategic alternatives for KANFA for some time and are confident that this will benefit both KANFA and the owners. KANFA has high ambitions to expand the business and we now have a strong position to seize new business opportunities in areas with mutual interests. With continued ownership in KANFA, Sevan Marine will benefit from future growth."

Odd Strømsnes, Managing Director of Technip in Norway, stated: "KANFA brings additional topside and process competence to Technip in his region and reinforces Technip's presence in the North Sea offshore facility market. Technip has been present in Norway for the last 25 years as a leading contractor in subsea developments and offshore infrastructures and has around 750 employees. This agreement will indeed strengthen our position in the topside market and reinforces our capabilities and extend the range of solutions we can offer our clients".

The agreement contemplates a potential exit subject to certain conditions in 2017. The agreement with Technip is subject to customary closing conditions. Closing of the transaction is expected to take place by the end of April.

KANFA's shareholding in KANFA Aragon (50.0% ownership) has been transferred to Sevan Marine and will not be part of the transaction with Technip. KANFA Aragon will be operated on a stand-alone basis going forward.

ABG Sundal Collier Norge ASA is acting as financial advisors to Sevan Marine in relation to the transaction. The law firm BA-HR is acting as legal advisors.

The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs - Continuing Obligations.

Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its patented cylindrical floater technology. Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN. For more information, please refer to www.sevanmarine.com.

Tags: Technip, KANFA, Sevan Marine

Chronicle:

49% KANFA
2018, October, 22, 11:55:00

RUSSIA - EXXON: NEW PROJECTS

BLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.

49% KANFA
2018, October, 22, 11:50:00

IMF HAS UKRAINE FOR $3.9 BLN

IMF - The agreement reached today reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth. The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine. The authorities’ steadfast and effective implementation will be critical for the program to achieve its objectives.

49% KANFA
2018, October, 22, 11:45:00

UKRAINE'S GAS PRICES UP 23.5%

CNBC - Ukraine announced on Friday it would raise household gas prices by nearly a quarter as Prime Minister Volodymyr Groysman warned that the country risked default if it crashed out of its International Monetary Fund aid program.

49% KANFA
2018, October, 22, 11:40:00

SCHLUMBERGER NET INCOME $644 MLN

Schlumberger Announces Third-Quarter 2018 Results Revenue of $8.5 billion increased 2% sequentially Pretax operating income of $1.2 billion increased 5% sequentially EPS was $0.46 Cash flow from operations was $1.8 billion Free cash flow was $1.0 billion

All Publications »