AIMCo Backed Fund Backs Cyan Renewables' Acquisition of MMA Offshore
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMxkirHxeY8hN7w5ZqCxXJLxlAaUX4ekLKRUUeGKAwYxbwnXBmApDJnzkFSKQi1Eoh2quBHQLIsOQ-l-yEG-xaAKLgHdE8Sc4Hb3WhT5qowtqNdsdYObP8xsMfCxABriBHSbV1bEGTj8fj69fyg7SVs4VLXTdzAJe40fA7NkcB4UookbQHkffjt89V9n4B/w400-h225/AIMCo-Cyan-MMA.jpg)
Yantoultra Ngui and Roushni Nair of Reuters report Cyan Renewables buys Australian vessel operator MMA Offshore for A$1.1 bln: Singapore's Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it has bought MMA Offshore for A$1.1 billion ($726 million) in the largest takeover deal in this renewables segment in the Asia Pacific region so far this year. MMA shareholders will receive A$2.70 per share in cash, a 36% premium over its 90-day average price, according to a joint statement from Cyan and Australia-based MMA. Cyan, which is backed by infrastructure investor Seraya Partners, had initially offered A$2.60 per MMA share in March before sweetening the offer last month. In a separate statement, MMA said the scheme of arrangement between the company and its shareholders for Cyan's acquisition has been implemented and the delisting of MMA is expected to take effect on Friday. MMA's shares have climbed almost 44% this year, gi