Mermaid Maritime Forms Joint Venture in Equatorial Guinea
Mermaid Maritime Public Co., Ltd. has formed a 50/50 joint venture, MERMAID EG S.A, in Equatorial Guinea with GEPetrol S.A and Alogo Law Firm S.L. The venture aims to provide offshore services to oil and gas companies in the region. The investment is internally funded and won't significantly impact financial metrics this year.
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Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) just unveiled an update.
Mermaid Maritime Public Company Limited has announced the establishment of a 50/50 joint venture, MERMAID EG S.A, in Equatorial Guinea. This venture, in partnership with GEPetrol S.A and Alogo Law Firm S.L., aims to provide offshore services to oil and gas companies in the region. The investment is funded internally and is not expected to significantly impact the company’s financial metrics this year.
More about Mermaid Maritime Public Co., Ltd.
Mermaid Maritime Public Company Limited operates in the offshore services industry, primarily providing subsea services such as diving, vessel supply, and remotely operated vehicle (ROV) services to oil and gas majors.
Average Trading Volume: 2,213,032
Technical Sentiment Signal: Hold
Current Market Cap: S$238.2M
See more data about DU4 stock on TipRanks’ Stock Analysis page.
