Norwegian owner banks small profit by offloading defence company Consub Defesa e Tecnologia. <\/p>\n
Siem Offshore has made a small profit from selling a South American defence subsidiary. <\/p>\n
The Kristian Siem-controlled owner said there would also be a minimal cash effect from the disposal of Consub Defesa e Tecnologia. <\/p>\n
US group Bravo Industries said last year it had completed negotiations for the transaction, which has now been completed. <\/p>\n
Consub is a leader in naval military combat management and command and control systems in South America, Bravo added. <\/p>\n
It has developed Siconta, a tactical control <\/p>\n
Did you know that 46% of our readers consider TradeWinds theirsinglemost important source for shipping news? <\/p>\n
_ Worlds biggest shipping news service _ Shipping news as it happens _ Unrivalled insight and content <\/p>\n
_ Market leading news _ Clear, unbiased reporting from around the globe _ Exclusive, unique content <\/p>\n
Enjoy unrivalled, round the clock coverage on news and information that influences your daily business decisions. <\/p>\n
_ In-depth reporting from shipping's most trusted journalists _ Breaking news, features, market and financial information, and full archive _ Access whenever and wherever you want <\/p>\n
<\/p>\n
Follow this link: <\/p>\n
Siem Offshore sells South American unit - TradeWinds (subscription)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Norwegian owner banks small profit by offloading defence company Consub Defesa e Tecnologia. Continue reading