Independent journal on economy and transport policy
23:22 GMT+2
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Sembcorp Marine will acquire the entire property of ship yard PPL Shipyard
It will obtain 15% of the capital in the hands of PPL Holdings and And-Interface Holdings
August 24, 2016
The Sembcorp group Marine of Singapore will have the property of the entire share capital of ship yard PPL Shipyard (PPLS). The company in fact has signed an agreement with compatriots PPL Holdings and And-Interface Holdings in order to not still acquire remaining 15% of the capital of the navalmeccanica society in Marine possession of Sembcorp. The transaction will have a value of about 115 million dollars cash.
Yard PPL Shipyard of Singapore has begun the activity in the Seventies constructing and renting tugs in order then to pass at the end of the decade to the construction of systems for the offshore industry. In the 2001 Sembcorp Marine it has acquired 50% of the capital of the yard in order then to elevate its participation to 85% in 2003.
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The Sembcorp group Marine of Singapore will have the property of the entire share capital of ship yard PPL Shipyard (PPLS). The company in fact has signed an agreement with compatriots PPL Holdings and And-Interface Holdings in order to not still acquire remaining 15% of the capital of the navalmeccanica society in Marine possession of Sembcorp. The transaction will have a value of about 115 million dollars cash.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
