Helix Energy Solutions Group has closed the sale of its Caesar pipelay vessel to Trevaskis Ltd. for a total price of approximately US $138 million.
Cash proceeds of $108 million of the total selling price were received at closing. Helix had previously received a $30 million cash deposit for this transaction in October last year. The sale of the company’s remaining pipelay vessel, the Express, is expected to close in July this year, it added.
Owen Kratz, President and CEO of Helix, said that “the sale of the Caesar is another important milestone in our strategy to exit our non-core businesses while remaining focused on enhancing and expanding our core well intervention and robotics businesses”.
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