Cairo- Mubasher: Maridive & Oil Services announced receiving an offer from Ancla Marine Ship Management to acquire Valentine Maritime, a wholly-owned subsidiary by Maridive.
The company’s board of directors will discuss the takeover offer to decide what it deems appropriate, Maridive said in a recent bourse disclosure.
The offer will remain under study until all procedural and regulatory aspects are completed along with the necessary approvals from competent authorities.
During the first half (H1) of this year, losses of the EGX-listed company shrank to $16 million, compared to $32.27 million in H1-21, including minority shareholders’ rights.
The company’s revenues also fell to $46.33 million in H1-22, compared to $67.19 million in H1-21.
