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BRIEF-Swiber announces proposed acquisition of Interlink Power & Energy Holdings

Published 02/11/2017, 12:42 am
Updated 02/11/2017, 12:50 am
BRIEF-Swiber announces proposed acquisition of Interlink Power & Energy Holdings

Nov 1 (Reuters) - Swiber Holdings Ltd SWBR.SI :

* Announces proposed acquisition of Interlink Power & Energy Holdings Pty Ltd

* Entered into term sheet for proposed acquisition of Interlink Power & Energy Holdings Pty from shareholders of Interlink

* The aggregate consideration payable by co for proposed acquisition shall be determined by parties in good faith

* Purchase consideration will be satisfied by issuance by company of new ordinary shares in capital of company

* Proposed acquisition will be subject to completion of subscription of new Swiber shares by investors for cash consideration of US$200 mln

* Proposed acquisition subject to restructuring of all debts and liabilities of Swiber (whether secured or unsecured or contingent)

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