The shipbuilder is paying half the JPY 30bn ($306m) investmentin a 30% stake in Ecovix-Engevix Construcoes Oceanicas (Ecovix), according to Japanesenewspaper Nikkei.
Trading house Mitsubishi Corp, Imabari Shipbuilding, NamuraShipbuilding and Oshima Shipbuilding will split the remaining investmentbetween them.
The deal aims to put the consortium in a position to competewith Korean, Chinese and Singaporean yards for Petrobras contracts for drillingrigs and drillships for the thriving Brazilian offshore industry.
Ecovix
