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OceanPact Buys Dock Brasil in a US$23 Million Ship-Repair Deal
['Richard Mann']
The Rio Times
OceanPact will pay a base price of R$119 million (US$23.1 million) for 100% of Dock Brasil.
Closing requires Dock Brasil to restructure and extinguish certain debts before the deal can complete.
The transaction remains subject to customary suspensive conditions, including the prior restructuring and extinguishment of certain Dock Brasil indebtedness.
Why OceanPact buys Dock Brasil nowOceanPact frames the acquisition as another step in its strategy to expand maritime infrastructure capabilities.
The long-term contract profile and Petrobras’s decommissioning budgets provide a multi-year demand floor that makes infrastructure investments like Dock Brasil economically rational.