Seajacks, Riverstone sign amalgamation agreement

Seajacks International has signed a conditional amalgamation agreement with R/C Europe Offshore Investment Partnership (Riverstone).

Offshore staff

HAMILTON, Bermuda -- Seajacks International has signed a conditional amalgamation agreement with R/C Europe Offshore Investment Partnership (Riverstone). Upon completion of the transaction, expected in January 2010, the parties will combine Seajacks with a Bermuda-exempted company to be formed by Riverstone.

Riverstone will be sole owner of the amalgamated company.

12/21/2009

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