Reaction to today’s press release from HC2 Holdings

Fugro has taken notice of today’s press release from HC2 Holdings, Inc., (“HC2”) a diversified holding company, in which it announced that it is exploring strategic alternatives, including a potential sale, for its Global Marine subsidiary.

Leidschendam, The Netherlands
22 Oct 2018

In November 2017, Fugro sold its non-core trenching and cable laying business in return for an equity interest of 23.6% in Global Marine and a US$ 7.5 million secured vendor loan. The vendor loan has been repaid in full in the third quarter of 2018.

Fugro is aligned with HC2 and will support this process including a potential sale of Fugro’s stake in Global Marine. 

Fugro will provide further information, if and when applicable.

 

For more information

Media

Edward Legierse
media@fugro.com
+31 (0) 70 31 11129

Investors

Catrien van Buttingha Wichers
c.vanbuttingha@fugro.com
+31 703 115 335

 

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