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News Breaks | | | | December 13, 2012 | | 13:59 EDT |  | HLX | Helix Energy expects sale to close in 1Q13, to use proceeds to repay debt
The transaction has an effective date of December 1 and is expected to close in 1Q13, customary closing conditions. The divestment of ERT is in line with Helix's strategy of focusing on providing Well Intervention and Robotics services, and Helix intends to use the proceeds from this transaction to repay debt as well as accelerate the company's plans to grow these businesses. | |
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