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    TransAtlantic to acquire SBS Marine

    Company News // October 7, 2011

    Rederi AB TransAtlantic is to acquire all of the shares in the UK-based offshore shipping company SBS Marine (Holdings) Ltd from Kistefos AS for a preliminary consideration of approximately SEK 340 million.

    SBS Marine has a net debt of approximately SEK 480 million. 

    In connection with the acquisition, TransAtlantic is to conduct a rights issue of approximately SEK 550 million to finance it and strengthen the company’s financial position in advance of the forthcoming division of the group.

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