SBM Offshore announces the completion of the Share Purchase Agreements with Sonangol
Simultaneously, SBM Offshore completed the sale of all its shares in the parent company of the Paenal shipyard in Angola to a subsidiary of Sonangol EP.
- Simultaneously, SBM Offshore completed the sale of all its shares in the parent company of the Paenal shipyard in Angola to a subsidiary of Sonangol EP.
- The operating companies in Angola will be wholly owned by SBM Offshore after the acquisition.
- In addition, SBM Offshore has signed an MOU with its minority partner (Angola Offshore Services Limited, “AOSL”) in the FPSO N’Goma concerning the purchase by AOSL of 20% of SBM Offshore’s shareholding (80%) in the entity owning the FPSO.
- SBM Offshore designs, builds, installs and operates offshore floating facilities for the offshore energy industry.