The all-shares deal will see Swissco takeover Scott & English Energy from Double Dragon Energy Holdings in a dealworth S$275 million (US$225 million). The purchase will be made through the issuanceof 452.38 million new Swissco shares at S$0.63 each.
Scott & English is “an emerging playerin the international oil and gas sector”, according to its chief executive,Chua Wei Teck.
The company has bought and chartered outrigs to oil companies in Latin America on long-term bareboat charters.
Chua
