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Evensen Strikes – TK Agrees to Acquire Three FPSOs from Sevan and Invest in Recapitalization

Teekay Corporation was identified last week as the unnamed industrial partner involved in the on-going restructuring process taking place at Sevan Marine ASA. With details to be forthcoming, the companies did, however, announce the basic framework of the transaction, which has been approved by the respective Boards of Directors, but requires the acceptance of other key stakeholders including the bondholders, existing shareholders and the charterers.

This is only an excerpt of Evensen Strikes – TK Agrees to Acquire Three FPSOs from Sevan and Invest in Recapitalization

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