Sembcorp takes stake in Norwegian process group

Offshore staff

ARENDAL, NorwaySevan Marine has sold its 50% stake in Bergen-based offshore process system specialist Kanfa Aragon to Sembcorp Marine for a cash consideration of NOK 20 million ($2.36 million).

The disposal is part of Sevan Marine’s program to cut its costs and redirect its focus to its core cylindrical platform hull technology.

06/28/2016

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