Amended: Swissco finalises terms of Scott & English acquisition

SWISSCO Holdings, a marine service provider for the offshore oil and gas industry, has finalised the terms of a $285 million very substantial acquisition of privately owned oil and gas contractor Scott and English Energy.

Swissco said on Monday night that it has entered into a definitive sale and purchase agreement (SPA), following a heads of agreement on Feb 28 for the proposed acquisition of the entire issued and paid-up share capital of Scott and English.

The acquisition will be satisfied by allotment...

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