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BRIEF-Swissco Holdings says unit entered into a sale and purchase agreement with Asian Strategic Turnaround Ventures

Reuters

Sept 20 (Reuters) - Swissco Holdings Ltd

* Swissco Holdings Limited proposal disposal of a substantial part of offshore support vessels division

* Unit entered into a master sale and purchase agreement with Asian Strategic Turnaround Ventures Pte Ltd

* Swissco Holdings Ltd - Aggregate consideration for proposed disposals is US$28.5 million

* Swissco Holdings Ltd - "Expected that proposed disposals will result in an aggregate estimated net loss of approximately US$12.7 million"

* "Judicial managers are of view that proposed disposals will help to reduce group's liabilities" Source text for Eikon: Further company coverage: