Subsea 7 acquires remaining stake in Seaway Heavy Lifting

Subsea 7 acquired the remaining 50% shareholding in Seaway Heavy Lifting for a cash consideration of $279 million, making it a wholly-owned subsidiary.

“Our investment to acquire the remaining shares in Seaway Heavy Lifting, such that it becomes a wholly-owned subsidiary of our group, is aligned with our strategy to grow and strengthen our business for the long-term.”marinelink.com

• 1 source
• marinelink.comSubsea 7 Acquires Seaway Heavy LiftingMar 13, 2017

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