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SembMarine to buy Sevan Marine's IP in US$28m deal to end legal dispute

SembMarine will also acquire a 95% equity interest in Sevan Marine's subsidiary HiLoad LNG

Singapore

SEMBCORP Marine (SembMarine) plans to buy the intellectual property of Norway's Sevan Marine for US$28 million and bring an end to a long-standing intellectual property dispute between the two parties, according to a Friday morning announcement on the Singapore Exchange.

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