STX Europe considers Singapore listing for OSV unit

STX Europe AS says it is considering a listing of its offshore and specialized vessels division on the Main Board of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). Prior to the Listing, STX Europe AS will transfer ownership in the entities forming part of the offshore and specialized vessels division to a wholly-owned Singapore subsidiary - STX OSV Holdings Pte. Ltd. (to be renamed STX OSV Holdings Limited). STX OSV has received an "Eligibility to List" letter from the SGX-ST for the Listing.

STX Europe says it will release a further announcement if and when there are any material developments in relation to the potential listing.