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India's Great Offshore to buy Norway's PetroJack for 500 mln usd - report


Published : Mon, 20 Aug 2007 06:19
By : Agencies
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MUMBAI (Thomson Financial) - India's Great Offshore Ltd is believed to be taking over Norwegian offshore company PetroJack AS in a 500 mln usd deal, the Economic Times reported.

The deal is likely to be closed within a couple of weeks, it added.

However, it said Great Offshore managing director Vijay Sheth refused to comment, as did senior officials at India-based Aban Offshore, which owns a considerable stake in PetroJack through Sinvest ASA of Norway, which was bought by Aban in 2006.

tfn.newsdesk@thomson.com

sim/jro/hjp

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