A U.S. bankruptcy court has approved Seacor Marine’s stalking horse bid to form a joint venture company with Montco Offshore, a liftboat specialist that has earlier filed for Chapter 11 bankruptcy protection.
Seacor, a U.S. offshore vessel owner, said on Friday, the United States Bankruptcy Court for the Southern District of Texas, Houston Division had approved the plan of reorganization for Montco Offshore, Inc.
As reported in June 2017, Seacor said it would launch a stalking horse bid to form a joint venture with Montco Offshore.
Brazil Energy Insight 
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