Australia’s Mermaid Marine Group has picked up the pace of its acquisition plans after bagging a further $28m in a share issue.
The Fremantle-based offshore vessel owner has now built up a sizeable pot of over $60m in the past few weeks to spend on platform supply vessels (PSV).
Tony Howarth-led Mermaid pocketed AUD 29.2m ($28.59m) in its latest share purchase plan which was has just been completed.
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