Coral Reefs News

 

MMA Offshore to Buy Rigs-to-Reefs Specialist Subcon for $8.4M

Jun 23, 2022

Australian offshore support vessel owner MMA Offshore has agreed to buy Perth-based Subcon, a company that provides innovative stabilization, coastal erosion, and engineered reef solutions to the oil and gas, offshore wind, coastal infrastructure, and tourism sectors.The total consideration for the transaction is $8.4 million comprising $4.2m cash and $4.2m in MMA ordinary shares.'The acquisition is…

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