Civeo to acquire four villages in australian bowen basin

Houston--(business wire)--civeo corporation (nyse:cveo) announced today that it has entered into a definitive asset purchase agreement with a private seller for civeo to acquire four villages with 1,340 rooms in australia's bowen basin and the associated long-term customer contracts. under the terms of the agreement, civeo would acquire the assets and customer contracts for total cash consideration of a$105 million, or approximately us$67 million, funded with cash on hand and borrowings from it.
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