MoneyWorks4Me

Global Offshore’s subsidiary sells 5.57 million shares for $13.87 million

10 Jul 2012 Evaluate

Global Offshore Services’ wholly owned subsidiary Global Offshore Services B. V. (GOSBV), based in the Netherlands has issued and allotted 5,573,834 shares for a consideration of $13,870,000, to an investor.

Consequent to the investment, the company now holds 69% equity stake of GOSBV.

Garware Offshore Services presently owns and operates a fleet of six anchor handling tugs cum vessels (AHTSV’S) and five platform supply vessels (PSV'S). The company's vessels are working in various markets including India, Europe and Far East.

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