Reach Subsea signs deal to sell Viking Reach vessel, onboard ROV for NOK 200 million-plus liquidity boost

Reuters2026/08/04 06:07

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Reach Subsea signed an MoA to sell the IMR vessel Viking Reach via its 49.9%-owned JV, Eidesvik Reach, to an undisclosed buyer.
Closing expected in early Q4 2026, subject to customary conditions.
Work-class ROV onboard Viking Reach to be sold to the buyer; expected accounting gain of about NOK 30 million at completion.
Additional expected accounting gain of about NOK 40 million from the Eidesvik Reach stake, also to be recognized in Q4 2026.
Total positive liquidity effect expected to exceed NOK 200 million, including ROV proceeds and JV dividends tied to the sale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reach Subsea ASA published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Reach Subsea signs deal to sell Viking Reach vessel, onboard ROV for NOK 200 million-plus liquidity boost

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