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Wasco to Buy MMA Offshore's Batam Shipyard

May 02, 2022

Australian offshore vessel owner MMA Offshore has agreed to sell its shipyard facility in Batam, Indonesia to Wasco Engineering Group.Wasco will pay $15 million for the shipyard facility. The transaction is expected to complete by December 30, 2022. The purchase price will be paid in tranches with the total amount payable on or before the completion date. MMA Offshore said it would use the cash from the sale to strengthen its balance sheet…

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