Netherlands-based SBM said it signed a memorandum of agreement with Daya’s subsidiary Daya Vessels for the sale of the diving support and construction vessel SBM Installer.
The transaction, which is subject to Daya Vessels securing financing, is expected to close in the first quarter of 2014. Board approval has been obtained by both parties.
SBM chief executive Bruno Chabas said the sale was in line with the company’s strategy to refocus its core business on floating production, storage and offtake vessels and associated products and services, while disposing of non-core assets.
The
