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    Normand Skarven to be sold

    Vessel & ROV News // May 28, 2008

    Normand Skarven KS, in which Solstad Offshore has a 71.1 per cent shareholding, has entered into an agreement for the sale of the AHTS Normand Skarven to foreign buyers.

    The vessel, which was built in 1986, will be delivered to the new owners during the third quarter of 2008.

    The sale price for the vessel is around its average broker value as of December 31st 2007.

    The sale will give SOFF a gain of approximately NKr 130 million, including minority interest of approximately NKr 37 million. The gain will be booked during the third quarter of 2008.


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