GMG Acquires Fugro’s Trenching, Cable Laying Business

Published: 12/10/2017
GMG Acquires Fugro’s Trenching, Cable Laying Business
Source: WWW.MARINELINK.COM

Global Marine Group (GMG) will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24 percent in the combined business valued at $65 million, and a one year secured vendor loan of $ 7.5 million. Fugro said it will realize a gain on this transaction…

Read more
Related news
Comment