Date:17/06/2006 URL: http://www.thehindu.com/2006/06/17/stories/2006061708201704.htm

Business - Briefly

Aban Loyd to acquire stake in Norwegian Co

MUMBAI: Aban Loyd Chiles Offshore Ltd (ALCO) on Friday said its Singapore subsidiary would acquire 33.76 per cent stake in Norway-based Sinvest ASA. The transaction is based on an equity value of about $1,320 million for Sinvest and an enterprise value of about $2,250 million, the company said in a release.