M&As this week: DOF Subsea, Enagas Internacional

27 April 2017 (Last Updated April 27th, 2017 18:30)

DOF Subsea has gained full ownership in Canadian Subsea Shipping Company by acquiring the remaining 55% interest in the latter from Vard Group.

DOF Subsea has gained full ownership in Canadian Subsea Shipping Company by acquiring the remaining 55% interest in the latter from Vard Group.

The acquirer company is a subsea services provider, while the target company is a shipping company.

"DOF Subsea has gained full ownership in Canadian Subsea Shipping Company by acquiring the remaining 55% interest in the latter from Vard Group."

All companies involved in the acquisition are based in Norway.

Spanish gas transportation services provider Enagas Internacional and investment company Canada Pension Plan Investment Board (CPPIB) have jointly acquired 51% stake in Compania Operadora de Gas del Amazonas Sac.

The stake was purchased from engineering and construction company Grana y Montero. The purchase consideration for the acquisition was $21.5m.

The stake was acquired through Carmen Corporation, with 21% acquired by Enagas Internacional and 30% by CPPIB.