Helix sells Deepwater Gateway to Genesis

Helix Energy Solutions Group Inc. (NYSE: HLX) has sold 50% interest in Deepwater Gateway LLC (owner of the Marco Polo platform) to a subsidiary of Genesis Energy LP for a cash purchase price of $25 million.

Anthony Tripodo, executive vice president and CFO of Helix, stated, “The sale of the Deepwater Gateway interest is in line with Helix’s strategy of focusing on its core businesses: well intervention and robotics.”

Helix Energy Solutions Group, headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry.

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