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AUSTRALIA

Clough offloads marine business

CLOUGH is exiting the marine construction business after it signed a deal to sell its offshore marine construction division to Malaysia's SapuraCrest Petroleum for $127 million.

Marija Stojkovic
Clough offloads marine business

The sale comes after the company signalled early last month it was in talks with the Malaysian services provider regarding a potential sale or other deal for the marine construction division. "Whilst...

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