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Ocean GeoLoop Subsidiary to Sell Ocean Tunicell Stake to Lifecare

MT Newswires·08/31/2026 01:29:41
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01:29 AM EDT, 08/31/2026 (MT Newswires) -- Ocean GeoLoop (OCEAN.OL) said its unit, Captured AS, signed a binding share purchase agreement to sell its stake in the Ocean Tunicell subsidiary to Lifecare (LIFE.OL). Captured AS will receive a consideration of 5.2 million Norwegian kroner. Lifecare has the option to settle the consideration in cash, newly issued shares or a combination of both, according to a Monday release. Lifecare said the acquisition of the 80% stake in Ocean Tunicell will grant control of established laboratory and production infrastructure and an associated cleanroom in Bergen, Norway.