Cyan Renewables to acquire MMA Offshore seatrade-maritime.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seatrade-maritime.com Daily Mail and Mail on Sunday newspapers.
In the latest example of the ongoing consolidation in the offshore service provider sector, Australian-based MMA Offshore reports its board is recomme.
Cyan Renewables said it would expand further into offshore wind projects after MMA Offshore agreed to accept a $1 billion takeover from the Asian private equity group.
Guess which ASX 300 stock is rocketing 10% on a $985 billion cash bid! fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
The last time vessel owner MMA Offshore hit the headlines, it was an offshore oil and gas services group going broke. Now it has a $1 billion bid, and investors can thank the energy transition.