ROVworld Subsea Information

DOF Chief Aase May Evaluate DeepOcean If for Sale, DN Reports
Date: Friday, November 19, 2010 @ 05:27:28 EST
Topic: ACQUISITION/MERGER NEWS


DOF Chief Aase May Evaluate DeepOcean If for Sale, DN ReportsNorway’s DOF ASA may be interested in DeepOcean, a unit of Trico Marine Group, should it be put up for sale, Dagens Naeringsliv reported, citing Chief Executive Officer Mons Aase.



DOF may assess how DeepOcean would fit with its own subsea business, the CEO told the Oslo-based newspaper. DOF is interested in growing in the subsea field, the newspaper said.

Evercore and Alix Partners are assisting Trico, creditors and a bankruptcy court in Delaware to identify and negotiate with interested parties, DN said, without saying where it got the information. Trico Marine Services Inc. filed for Chapter 11 bankruptcy protection in August. The Norwegian part of Trico wasn’t included in the filing, the newspaper said.

Source: Subsea UK







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