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Sat June 19 2021

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Fugro halts sale of Asia Pacific subsea business

6 Dec 16 Fugro has decided to stop the divestment of its Asia Pacific subsea services business to Shelf Subsea.

The company will continue to explore partnership opportunities to reduce its exposure to the larger vessels used for the installation and construction part of the business.

An agreement for the sale had been signed in August but the parties were unable to reach agreement on some of the closing conditions.

Fugro will therefore will retain the vessels, remotely operated vehicles, other equipment and personnel related to the business.  Subsea services activities in Asia Pacific will become part of the Marine division.

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