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Sevan Marine sells 49 pct in KANFA AS to Technip SA subsidiary


Friday, 4 Apr 2014 02:30am EDT 

Sevan Marine ASA:Sells 49.0 percent of shareholding in KANFA AS to Technip Norge AS, a wholly owned subsidiary of Technip S.A.Purchase price not disclosed.Following the transaction Sevan Marine holding in KANFA is 51 percent, while Technip will own 49 percent.Says the parties intend to further enhance KANFA's development opportunities and expand the business.KANFA is a topside and process technology specialist with activities primarily in the offshore oil and gas industry. 

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19 Dec 2014