Middle East investors led by Gulf Capital have bought the remaining 50% in offshore ship owner Gulf Marine Services (GMS).
The group, including Al Bateen Investment Co, Horizon Energy and construction group Maritime Industrial Services (MIS) now owns 100% of the company, after first snapping up a 50% stake earlier this year.
Last week Oslo-listed MIS, which has Gulf Capital as a major shareholder, said it would enter the offshore vessel sector through its acquisition of a 7.45%
