Mergers News

 

Magnora Separates FPSO from Renewables Business

Jan 19, 2024

Oslo-listed company Magnora has decided to separate its legacy business, the divested segment related to floating production storage and offloading (FPSO) units for oil and gas industry, from its renewables business, with significant activity in the offshore wind industry.During 2023, Magnora’s renewable business shifted gears with considerable growth in profits, prompting the company to reconsider…

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