Cyan Renewables will expand further into offshore wind projects after shipping vessel operator MMA Offshore agreed to accept a $1 billion takeover offer from the Asian private equity group.
MMA, which owns 20 vessels, said on Monday that it had struck a deal with Cyan Renewables to be acquired for $2.60 per share in cash.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
