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BRIEF-SBM Offshore FPSO Turritella purchase option exercised by Shell
July 11, 2017 / 4:43 PM / 4 months ago

BRIEF-SBM Offshore FPSO Turritella purchase option exercised by Shell

July 11 (Reuters) - SBM OFFSHORE NV:

* FPSO TURRITELLA PURCHASE OPTION EXERCISED BY SHELL

* TRANSACTION IS EXPECTED TO CLOSE IN EARLY 2018

* TRANSACTION COMPRISES A TOTAL CASH CONSIDERATION TO THE JV OF C. US$ 1 BILLION

* COMPANY SELLING ASSET IS JOINT-VENTURE OWNED BY SBM OFFSHORE (55% INTEREST), MITSUBISHI CORPORATION (30% INTEREST), NIPPON YUSEN KK (NYK LINE) (15% INTEREST) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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