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Babcock to acquire remaining 50% of its Australian naval sustainment joint venture

Babcock to acquire remaining 50% of its Australian naval sustainment joint venture

Maritime February 17, 2022

Babcock International Group has announced that it has entered into a Sales and Purchase Agreement to acquire the remaining 50% interest in its Australian Naval Ship Management (NSM) joint venture from its long-term joint venture partner in Australia, for a consideration of AUD60 million (approximately £32 million). The NSM joint venture ...

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