Fugro has taken notice of today’s press release from HC2 Holdings, Inc., (“HC2”) a diversified holding company, in which it announced that it is exploring strategic alternatives, including a potential sale, for its Global Marine subsidiary.
In November 2017, Fugro sold its non-core trenching and cable laying business in return for an equity interest of 23.6% in Global Marine and a US$ 7.5 million secured vendor loan. The vendor loan has been repaid in full in the third quarter of 2018.
Fugro is aligned with HC2 and will support this process including a potential sale of Fugro’s stake in Global Marine.
Fugro will provide further information, if and when applicable.