DOF Subsea Takes Over Canadian Subsea Shipping Company

Norwegian company DOF Subsea said it has purchased the remaining shares in Canadian Subsea Shipping Company (CSSC).

Before the transaction, the Oslo-listed firm owned 45 percent of the shares in the CSSC.

Canadian Subsea Shipping Company has a newbuild vessel under construction at Vard Group in Norway, which according to its annual report, at December 31, 2016, also owned 45 percent of the company.

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