rbg bought out (1 Viewer)

celticbhoy

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dutch company stork finally buy rbg group shares and are the new owners of the oil services company.
 
its on the bbc scotland buisness site paul its been on the cards for a while though mate.
 
RBG swallowed by Stork in multi-million pound movePremium Article !Your account has been frozen. For your available options click the below button.
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« Previous « PreviousNext » Next »View GalleryPublished Date: 17 May 2011
By PETER RANSCOMBE
ONE of Scotland's largest privately held energy services companies has been snapped up by a Dutch firm in a deal that is expected to net its chairman tens of millions of pounds.
Aberdeen-based RBG - which employs some 4,500 staff, including about 3,000 in Scotland - has been sold by private equity firm 3i and Dyce-based Ashley Group for an undisclosed sum to Netherlands-based Stork Technical Services and buy-out specialist Arle Capital Partners.

John Ray, chairman of RBG and majority shareholder in Ashley Group, reportedly stands to make tens of millions of pounds from the deal.

RBG was created in 2004 following the merger of Mach-Ten and 3i companies MESL and Rigblast. The company turned over £300 million in 2010 and was last year valued at about £200m.

The group's bases in the UK include the deepwater facility at Invergordon, in Easter Ross.

Dave Workman, RBG's chief executive, said: "I have no doubt that this is a positive move for all.

"This deal marks the next stage of our journey, bringing greater opportunities for our employees and significant benefits to our clients."
RBG swallowed by Stork in multi-million pound movePremium Article !Your account has been frozen. For your available options click the below button.
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« Previous « PreviousNext » Next »View GalleryPublished Date: 17 May 2011
By PETER RANSCOMBE
ONE of Scotland's largest privately held energy services companies has been snapped up by a Dutch firm in a deal that is expected to net its chairman tens of millions of pounds.
Aberdeen-based RBG - which employs some 4,500 staff, including about 3,000 in Scotland - has been sold by private equity firm 3i and Dyce-based Ashley Group for an undisclosed sum to Netherlands-based Stork Technical Services and buy-out specialist Arle Capital Partners.

John Ray, chairman of RBG and majority shareholder in Ashley Group, reportedly stands to make tens of millions of pounds from the deal.

RBG was created in 2004 following the merger of Mach-Ten and 3i companies MESL and Rigblast. The company turned over £300 million in 2010 and was last year valued at about £200m.

The group's bases in the UK include the deepwater facility at Invergordon, in Easter Ross.

Dave Workman, RBG's chief executive, said: "I have no doubt that this is a positive move for all.

"This deal marks the next stage of our journey, bringing greater opportunities for our employees and significant benefits to our clients."
 
Theres no chance of a wage rise they stick to the OCA agreement,unless forced to by the operators.
THE LADS ON THE ARMADA ARE AT STAGE 1 IN THE GREIVANCE PROCEDURE REGARDING A 10% BONUS THATS BEING PAYED TO AMEC AND NOT TO THE SCAFFS AND OTHER SERVICES EMPLOYED BY PIGBLAST.

THE SCAFFS HAVE GOT THE BOTTLE TO SIT IN,DONT KNOW ABOUT THE OTHERS--------------------WATCH THIS SPACE :mad::mad:
 
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