Tuesday, December 12, 2017

© Reuters.  HC2's Global Marine makes acquisition© Reuters. HC2’s Global Marine makes acquisition

  • Global Marine Group has agreed to the purchase of the trenching and cable lay services business of Fugro N.V. Consideration is valued at about $73M, consisting of a 23.6% equity interest in Global Marine and a $7.5M payment in one year.
  • “The combination of Global Marine Group and Fugro’s trenching and cable laying business will create an even more effective operating platform for delivering services to customers and value to shareholders,” says HC2 (NYSEMKT:HCHC) CEO Phil Falcone.
  • Source: Press Release
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