SLP Engineering will be renamed Sembmarine SLP Limited, with a 70% stake held by Sembcorp subsidiary SMOE, and the remainder owned by eight members of SLP’s current management team.
SMOE – a major global producer of offshore production platforms for the oil and gas sector – will pay £2.5m ($4.1m) for its shares in the company and to settle SLP’s intercompany loans within Smulders.
The
