Oceanteam to sell interest in subsea services company

Oceanteam has signed a heads of agreement with a company in the subsea industry for the sale of its 60% share in Oceanteam Subsea Services.

Offshore staff

BERGEN, Norway -- Oceanteam has signed a heads of agreement with a company in the subsea industry for the sale of its 60% share in Oceanteam Subsea Services.

The transaction is subject to due diligence, finalization of the sale, purchase agreement, and board approvals. The sale is expected to be completed within the next few weeks.

09/16/2009

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