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LAM Lamprell Plc

8.88
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lamprell Plc LSE:LAM London Ordinary Share GB00B1CL5249 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.88 8.78 9.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Lamprell in Preliminary JV Talks to Establish Maritime Hub in Saudi Arabia

26/01/2016 8:20am

Dow Jones News


Lamprell (LSE:LAM)
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By Alex MacDonald

 

LONDON--U.K.-listed energy services firm Lamprell PLC (LAM.LN) said Tuesday it has signed a preliminary agreement with state-owned Saudi Aramco, the National Shipping Company of Saudi Arabia and Hyundai Heavy Industries Co. Ltd. (009540.SE) to consider establishing a Maritime Complex in Saudi Arabia.

The intended Maritime Complex will provide engineering, manufacturing and repair services for offshore rigs, commercial vessels and offshore service vessels.

Lamprell said the preliminary agreement may or may not lead to its participation in the potential maritime joint venture, adding that negotiations may last up to three months.

 

Write to Alex MacDonald at alex.macdonald@wsj.com

 

(END) Dow Jones Newswires

January 26, 2016 03:05 ET (08:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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