Nordic Business Report-April 24, 2006-Songa Offshore ASA acquires remaining 50% of Songa Management AS
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The Norwegian offshore drilling contractor Songa Offshore ASA said on Monday (24 April) that it has agreed to acquire the remaining 50% of the share capital of management company Songa Management AS from Songa Drilling AS.
The purchase price is NOK75,000.
The deal is conditional on Abbot Group Plc completing its acquisition of Songa Drilling.
One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).
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