SOURCE: Sealift Ltd.

April 30, 2007 08:33 ET

Sealift Ltd. (OSL: SEAL) -- Business Combination With Dockwise Transport B.V.

OSLO, NORWAY -- (MARKET WIRE) -- April 30, 2007 -- Sealift Ltd. ("Sealift") (OSLO: SEAL) has entered into an agreement to merge with the Dockwise group ("Dockwise"), a leading specialist in heavy transport shipping operating a fleet of a total of 15 semi-submersible vessels primarily servicing clients in the marine and oil & gas industry. The merger will be completed as a share for share transaction, following which the shareholders in Delphi Acquisition Holding S.A., the holding company of Dockwise, will receive shares in Sealift reflecting an exchange ration of approximately 63/37 (Dockwise/Sealift) on gross values (fully invested.)

This release was originally transmitted by the company on 04/27/07 at 4:51pm EDT.

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Contact Information

  • Contact:
    Bengt Neteland
    Telephone: +47 23 11 40 00