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    ENSCO to sell supply vessel fleet to Tidewater

    News // February 28, 2003
    ENSCO International Incorporated has announced that it had reached an agreement to sell all of the supply vessels owned by its subsidiary ENSCO Marine, to Tidewater. According to ENSCO, the deal is valued at US$79 million, and the transaction, which is expected to result in a pre-tax gain of approximately US$5 million to ENSCO, is subject to various regulatory consents. It is anticipated that the transaction will be completed early in the second quarter of 2003.

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