McDermott has set the sale of its storage business line in motion, with a newly inked agreement, following its marketing process which culminated in a winning offer from a consortium of financial investors, led by Mason Capital Management. The U.S. giant will use the cash from the divestment to settle debts.

Hanwha Ocean Mason Capital Management Chief Executive Officer Mike Martino Managing Member Principal of Mason With Goldman Sachs Mark Butts Senior Vice President Michael McKelvy Based Kirkland Ellis Citi