Struggling SBM Offshore has agreed to the sale and transfer of GustoMSC to Parcom Capital for about $185million as part of its divestment of non-core assets. SBM said the purchase price will be paid in cash at closing.
The deal is a first step in its $400million divestment programme announced in August. GustoMSC is a leading design of mobile offshore drilling units and other specialist vessels.