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    Trico Marine completes acquisition of Active Subsea

    News // November 27, 2007

    Trico Marine Services has completed its acquisition of Norwegian offshore services firm Active Subsea ASA for US$247 million.

    "We expect greater stability in our cash flows as the new vessels are delivered and placed on long-term contracts with customers, which should increase the amount of revenues and earnings we derive from international markets," Joseph S Compofelice, Trico Marine's chairman and chief executive, said in a press release.

     

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