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Vallianz in US$36.09m asset deals with parent firm

It is buying Tuas yard and stake in Indonesian chartering firm from controlling shareholder

Angela Tan

Published Mon, Nov 10, 2014 · 09:50 PM

Singapore

TO further raise its profile as an offshore marine player, Vallianz Holdings has entered into two deals to acquire assets from its controlling shareholder Swiber Holdings for US$36.09 million.

Vallianz, a provider of offshore support vessels, is buying Newcruz International Pte Ltd (NIPL) for US$18.59 million and a 49 per cent stake in PT Swiber Berjaya (PTSB) for US$17.5 million.

NIPL is an investment holding company which owns Newcruz Shipbuilding & Engineering Pte Ltd (NSE), operator of a…