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Interserve PLC Acquires Abu Dhabi Oil And Gas Services Company For USD46 Million


Monday, 15 Jul 2013 02:17am EDT 

Interserve PLC announced that it has entered into an agreement to acquire Topaz Oil and Gas Ltd (Topaz) and its subsidiaries which provide oil field maintenance, fabrication and construction services in the Middle East. Interserve is acquiring the businesses from Renaissance SAOG, the Muscat Securities Market-listed services company. UAE-based Topaz Oil and Gas will be managed under Interserve's International Support Services division. Topaz's clients include Shell, ADOC (Japan), the ADNOC Group of Companies, Qatar Gas, RAK Petroleum and Aker Solutions. Total consideration of USD46 million (c. GBP30 million). 

Company Quote

623.0
9.5 +1.55%
11 Jul 2014