Vallianz in US$36.09m asset deals with parent firm

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.