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Helix Sells Deepwater Gateway, L.L.C.

Source: www.gulfoilandgas.com 2/16/2016, Location: North America

Helix Energy Solutions Group, Inc. announced the sale of its 50% interest in Deepwater Gateway, L.L.C. (owner of the Marco Polo platform) to a subsidiary of Genesis Energy, L.P. for a cash purchase price of $25 million. Anthony Tripodo, Executive Vice President and Chief Financial Officer of Helix, stated, “The sale of the Deepwater Gateway interest is in line with Helix’s strategy of focusing on its core businesses, well intervention and robotics.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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