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A Douglas-based company has made a bid of more than £200 million for an engineering group specialising in the oil, gas and energy sector.
Lamprell Plc, based at Fort Anne, offered about 1.8 billion Norwegian kroner for Maritime Industrial Services Co, based in the United Arab Emirates.
Lamprell is an oil and gas rig builder which operates in the Middle East, and has built an order book of almost £600 million following a global boom in demand for new rigs.
Energy and food security "two most important things", says MHK
Douglas North's John Wannenburgh believes these are the two main components that will determine the Island's survival
Gatwick drop-off fee rises again
Heads up for Manx air passengers travelling to London
Isle of Man inflation holds steady at 2.8 percent in November
Food, hospitality and education costs continue to rise, while falls in energy prices help offset pressures
New Costa Coffee store opens on Peel Promenade
Based in the former Harbour Lights premises on Shore Road
