Transport & Logistics
DP World splashes out to acquire offshore support vessel company Topaz

DP World splashes out to acquire offshore support vessel company Topaz

The State-owned Emirati group continues its shopping spree in this sector and has concluded its purchase of Topaz Energy & Marine for $1.079bn, i.e. more than its EBITDA in 2018.

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            ▪ DP World splashes out to acquire offshore support vessel company Topaz

▪ The State-owned Emirati group continues its shopping spree in this sector and has concluded its purchase of Topaz Energy & Marine for $1.079bn, i.e. more than its EBITDA in 2018.

https://www.jeuneafriquebusinessplus.com/en/799092/dp-world-splashes-out-to-acquire-offshore-support-vessel-company-topaz/

10/09/2019 at 20h17, by Jeune Afrique Business+, updated 22/10/2019

The figure may seem excessive, particularly in light of the tough conditions on the offshore oil and gas services market. At the moment, one in three offshore and platform supply vessels in the world sits idle. 

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