One-Page Deal Sheet
Deep Sea Supply and BTG Pactual Enter Into Joint Venture
Btg Pactual Oil & Gs Participaes S.A., Deep Sea Supply Plc Not Disclosed
Announced Date
January 17,2013
Close Date
January 17,2013
Transaction Type
JV
Location
Region
South America
Country
Brazil
Transaction Details: Subscribe to see
Deep Sea Supply Plc and BTG Pactual Oil & Gás Participaes S.A. are pleased to announce that they have agreed to enter into a joint venture for the ownership and operation of Platform Supply Vessels and Anchor Handling Tug and Supply Vessels in Brazil.
DESS sells 15 vessels to the Joint Venture
Joint Venture acquires 6 newbuildings
The Joint Venture will be owned 50/50 by BTG Pactual and DESS and will initially own and operate a fleet of 15 vessels. The Joint Venture will also acquire 6 large PSVs currently under construction with Sinopacific Shipbuilding Group ("Sinopacific") and will look…
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