AUSTRALIA

Miclyn boosting Australian presence

MICLYN Express Offshore is acquiring the remaining 50% stake of offshore support vessel owner Samson Maritime Holdings that it does not own for $A24 million.

The purchase price consists of 70% cash and 30% in new Miclyn shares. Samson co-founder Jeremy Williams will remain employed until March 2013 as part of the deal. "Australia is becoming an increasingly...

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