Fugro has ditched plans to sell its Asia Pacific subsea services business to Shelf Subsea Holdings UK.
The two companies had reached an agreement in August that would have seen Shelf Subsea pay EUR 14m ($14.9m) for Fugro’s division.
Fugro would transfer four ships and 18 ROVs along with 285 employees and would get a 25% equity interest in Shelf Subsea in return.
But
