Fugro stops divestment process of Asia Pacific subsea services business to Shelf Subsea

Fugro NV (Fugro) announces today it has decided to no longer pursue the divestment of its subsea services business in Asia Pacific to Shelf Subsea.Fugro announced on 4 August 2016, that it had signed an agreement for the sale of its subsea services business in Asia Pacific to Shelf Subsea. Parties were unable to reach agreement on some closing conditions, following which Fugro has decided to no longer pursue the transaction.….