Thoresen Thai Agencies (TTA) is on the verge of part-financing a rig order after completion of a $100m private placement by a related company.
Mermaid Maritime, the owner's offshore arm, is to snap up 49% in Asia Offshore Drilling (AOD), parent TTA wrote in an announcement to the Bangkok Stock Exchange on Friday.
The expected move follows the successful completion of AOD’s placement of new shares.
