Finance

Lamprell board greenlights $46 million Saudi takeover offer

New owners Blofeld and Al Gihaz will form a joint venture to control the Middle East fabricator

Takeover offer: a jack-up rig being built at Lamprell’s Hamriyah yard in the United Arab Emirates
Takeover offer: a jack-up rig being built at Lamprell’s Hamriyah yard in the United Arab EmiratesPhoto: NISHANT UGAL
  • Nishant Ugal
New Delhi
Published 22 July 2022, 15:14Updated 27 July 2022, 08:55
LamprellSaudi AramcoSaudi ArabiaUAELondon