Acquisition of 100 % of the Shares of Kvaerner France SA.MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--April 22, 1999-- Bouygues offshore (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of :BWG BWG Bankwesengesetz (Federal Law on Banking, Austria) BWG Beam Waveguide (antenna) BWG Bundesamt für Wasser und Geologie (Federal Office for Water and Geology, Switzerland) ) today announced that it has signed a letter of intent with Kvaerner, the Anglo-norwegian engineering and construction company, for the acquisition of 100 % of the shares of Kvaerner (France) SA. This include the company previously known as Sofresid. This acquisition is subject to due diligence and documentation. Bouygues Offshore S.A. is a leading international contractor serving the oil and gas industry, specializing in providing integrated solutions for the design, construction, installation and management of offshore and onshore oil and gas turnkey projects. The Company also provides maintenance services to the oil industry, engages in maritime and river-related civil work projects and designs and constructs liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG LNG (liquefied natural gas): see under natural gas. ) import terminals and storage tanks. |
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