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MARINE & SUBSEA

MMA sells assets amid loss

TROUBLED marine services concern MMA Offshore has elected to sell its 50% interests in its landmark Dampier and Broome supply bases as part of its wider efforts to manage its debts and assets.

Haydn Black
MMA supply base in Broome.

MMA supply base in Broome.

Toll Group will pay $44.1 million for the Dampier facility and $8.7 million for the Broome supply base.   MMA said this morning the bases were now considered non-core assets.   The adjusted funds...

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