Aban Offshore subsidiaries acquire 98.01% of Sinvest

Aban Offshore Ltd has announced that following settlement on March 02, 2007 of shares accepted under Mandatory offer, Aban Singapore Pte Ltd (ASPL) and its subsidiary Aban International Norway AS (AIN) together hold 98.01% of Sinvest.

Further ASPL has decided to carry out a compulsory acquisition of the remaining 1.99% shares of Sinvest pursuant to section 4-25 of the Norwegian Public Ltd Companies Act. The redemption price offered will be NOK 135 per Sinvest Share.

Source : Equity Bulls

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