MARKETS

MMA makes bold move to acquire Neptune

MMA Offshore today notified the market it had entered into a binding agreement to acquire fellow service provider Neptune Marine Services for a consideration of around A$18.5 million in a move to expand its subsea service offerings.

MMA makes bold move to acquire Neptune

The purchase consideration will comprise of $5 million cash with the balance of the consideration to be issued in MMA shares on completion. MMA noted the acquisition was in line with the company's strategic...

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