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AMEC Plc Acquires Stake in Brazilian Oil and Gas Company

Wednesday, 19 Sep 2012 02:01am EDT 

AMEC plc announced that it has signed an agreement to acquire a 50% stake in Kromav Engenharia Ltda (KROMAV) from its owner managers for $12.5 million in cash. Completion is expected later in the year. KROMAV is a privately owned Brazilian offshore oil and gas and marine engineering company based in Rio de Janeiro, with a team of some 200 people specialising in engineering services for offshore platforms, FPSO (Floating, Production, Storage & Offloading) vessels and other marine applications. 

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9.0 +0.76%
17 Apr 2014