BRIEF-ADES Holding Unit Signs SPA To Buy All Shares Of Saudi Arabian Saipem

ADES
Tadawul All Shares Index

ADES

2382.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

June 24 (Reuters) - ADES HOLDING 2382.SE:

  • ADES HOLDING - TOTAL PURCHASE CONSIDERATION OF USD 285 MILLION

  • ADES HOLDING - TO BUY ALL SHARES OF SAUDI ARABIAN SAIPEM

  • ADES HOLDING - ACQUISITION COMPRISES FIVE OPERATIONAL PREMIUM JACKUPS

  • ADES HOLDING - FOUR RIGS ARE CURRENTLY OPERATING IN SAUDI ARABIA

  • ADES HOLDING - ACQUISITION ADDS A BACKLOG OF APPROXIMATELY SAR 3.8 BILLION

  • ADES HOLDING - ONE RIG IS CURRENTLY OPERATING IN MEXICO UNDER AN EXISTING CHARTER ARRANGEMENT

  • ADES HOLDING - TRANSACTION IS EXPECTED TO CLOSE IN 3Q 2026

  • ADES HOLDING - DEAL IS ALSO FULLY ALIGNED WITH ADES’ DISCIPLINED, NON-SPECULATIVE APPROACH TO GROWTH

  • ADES HOLDING - GROUP REMAINS WELL POSITIONED TO CAPITALIZE ON SUSTAINED CUSTOMER DEMAND

Source text: ID:nSSE2P4vyn

Further company coverage: 2382.SE


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