Wiersholm has acted for the sellers in the sale of shares in the company Gravifloat AS. The shares were acquired by Sembcorp Marine Limited, a listed company based in Singapore, which provides engineering solutions to the global offshore and marine industry, drawing upon more than 50 years of track record.

The shares are sold in two tranches in consideration of a total purchase price of USD 76 million.

Gravifloat AS was incorporated in 2006 as a spin-off of LMG Marin AS. The company is headquartered in Bergen. The Gravifloat technology is based on redeployable modularised LNG and LPG solutions.

For further information please read the announcement from Sembcorp Marine Limited here.