The Oslo District Court has ruled against Sevan Marine ASA's
subsidiary Sevan Holding V AS in relation to the USD 60
million loan granted to Logitel Offshore Pte Ltd. Sevan
Marine ASA is considering appealing the decision. The
deadline for appeal is in 1 month.
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Sevan Marine ASA is specializing in design, engineering and
project execution of floating units for offshore
applications, based on its cylindrical floater technology.
Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN.
For more information, please refer to www.sevanmarine.com.
For more information please contact:
Reese McNeel, CEO, Sevan Marine ASA
reese.mcneel@sevanmarine.com
+47 415 08 186
The information in this announcement is subject to the
disclosure requirements of the Norwegian Securities Trading
Act section 5-12 and/or the Oslo Børs - Continuing
Obligations.